X0303 4 2011-07-01 0000732712 VERIZON COMMUNICATIONS INC VZ 0000905129 NEUBAUER JOSEPH VERIZON COMMUNICATIONS INC. 140 WEST STREET, 29TH FLOOR NEW YORK NY 10007 1 0 0 0 Phantom Stock (unitized) 2011-07-01 4 A 0 2308.134 10.83 A Common Stock 661 34452.708 I By Deferred Compensation Plan Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan. The phantom stock was acquired as a result of a prior election to defer director compensation. Includes phantom stock acquired through dividend reinvestment. William L. Horton, Jr., Attorney-in-fact for Neubauer, Joseph 2011-07-05