Proxy Statement
Security Ownership of Directors and Officers

On January 31, 2008, there were approximately 2.87 billion shares of Verizon common stock outstanding. In the following table, you can find information showing the number of shares of Verizon common stock beneficially owned by each of the named executive officers, each Director, each person who served as a Director in 2007 and all executive officers and Directors as a group as of January 31, 2008. This information includes shares held in Verizon’s employee savings plans and shares that may be acquired within 60 days pursuant to the exercise of stock options and/or the conversion of certain stock units under deferred compensation plans. The aggregate number of shares owned by executive officers and Directors represents less than one percent of the total number of outstanding shares of Verizon common stock. Unless we have indicated otherwise, each individual and/or his or her family member(s) has or have sole or shared voting and/or investment power with respect to the securities. Executive officers and Directors also have interests in other stock-based units under Verizon deferred compensation plans. We have included these interests in the “Total” column in the table below to show the total economic interest that the executive officers and Directors have in Verizon common stock.

Name

Stock1

Total2

Named Executive Officers:

Ivan G. Seidenberg*

4,635,905

5,128,224

Dennis F. Strigl

1,413,523

1,454,329

William P. Barr

1,288,116

1,334,813

Doreen A. Toben

865,933

869,176

Lowell C. McAdam

12,835

15,423

Other Directors:

James R. Barker

41,247

162,590

Richard L. Carrión

61,536

89,380

M. Frances Keeth

6,967

Robert W. Lane

16,600

30,771

Sandra O. Moose

36,123

71,468

Joseph Neubauer

61,823

116,486

Donald T. Nicolaisen

11,880

Thomas H. O’Brien

43,419

86,034

Clarence Otis, Jr.

11,457

Hugh B. Price

48,237

75,123

Walter V. Shipley

66,938

66,938

John W. Snow

2,000

8,612

John R. Stafford

62,229

89,335

Robert D. Storey

8,985

48,970

All of the above and other executive officers as a group

11,448,018

12,538,905

*

Also serves as a Director.

1.

In addition to direct and indirect holdings, the “Stock” column includes shares that may be acquired pursuant to stock options that are or will become exercisable within 60 days and/or pursuant to the conversion of certain stock units under deferred compensation plans as follows: 4,415,265 shares for Mr. Seidenberg; 1,412,441 shares for Mr. Strigl; 1,273,917 shares for Mr. Barr; 865,522 shares for Ms. Toben; 36,123 shares for Mr. Barker; 60,372 shares for Mr. CarriĆ³n; 16,600 shares for Mr. Lane; 36,123 shares for Dr. Moose; 55,950 shares for Mr. Neubauer; 35,863 shares for Mr. O'Brien; 48,179 shares for Mr. Price; 63,098 shares for Mr. Shipley; 55,779 shares for Mr. Stafford and 8,619 shares for Mr. Storey. The shares underlying the stock options and deferred compensation units may not be voted or transferred. No shares are pledged as security.

2.

The “Total” column includes, in addition to shares listed in the “Stock” column, stock-based units under deferred compensation plans, which may not be voted or transferred.

Section 16(a) Beneficial Ownership Reporting Compliance

SEC rules require that we disclose any late filings of stock transaction reports by our executive officers and Directors. Based solely on a review of the reports that we filed on behalf of these individuals, our executive officers and Directors met all Section 16(a) filing requirements during calendar year 2007 except that, as a result of a broker reporting error, one transaction by Catherine T. Webster was not reported timely.