29th Jan 2014 18:27
Verizon Communications Inc.January 29, 2014
Notification of Transactions of Directors, Persons DischargingManagerial Responsibility or Connected Persons
The notification listed below was received under paragraph 3.1.2 of the UK's Disclosure and Transparency Rules.
Verizon Communications Inc. (the "Company") makes the following announcement:
The Company received notification on January 28, 2014 that Joseph Neubauer, Director, a person discharging managerial responsibility, exercised options in the United States on January 27, 2014 to purchase 7,798 shares of common stock of the Company (the "Shares") at an exercise price of USD 34.15 per Share. These options were granted to Mr. Neubauer on February 4, 2004. In connection with (i) the spin-off of Verizon's domestic directories on November 17, 2006, and (ii) the spin-off of Verizon's domestic telephone lines on July 1 2010, stock-based awards held by current and former Verizon directors, including these options, were adjusted pursuant to the antidilution provisions of Verizon's Long-Term Incentive Plan. Prior to these adjustments, as of February 4, 2004, these options constituted the right to purchase 7,246 shares of common stock at an exercise price of USD 36.75.
William L. Horton, Jr.Corporate Secretary
Related Shares:
VZC.L