Proxy Statement
Security Ownership of Certain Beneficial Owners and Management

Principal Shareholders

On January 31, 2011, there were approximately 2.8 billion shares of Verizon common stock outstanding. The following table sets forth information about persons we know to beneficially own more than five percent of the shares of Verizon common stock, based on our records and information reported in filings with the SEC.

Name and Address of
Beneficial Owner

 

Amount and Nature of
Beneficial Ownership

 

Percent of Class

BlackRock Inc.*
40 East 52nd Street
New York, New York 10022

171,199,393

 

6.06

   
   

*

This information is based on a Schedule 13G filed with the SEC on February 9, 2011 by BlackRock, Inc., setting forth information as of December 31, 2010. The Schedule 13G states the BlackRock, Inc. has sole voting power and sole dispositive power with respect to the 171,199,393 shares.

Directors and Executive Officers

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 and all executive officers and Directors as a group as of January 31, 2011. 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 and stock-based long-term incentive awards. 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

Stock

1

Total

2

Named Executive Officers:

 

 

 

 

Ivan G. Seidenberg*

2,002,037

 

3,978,883

 

Lowell C. McAdam*

62,544

 

683,425

 

Virginia P. Ruesterholz

109,539

 

541,150

 

Daniel S. Mead

8,468

 

336,036

 

Francis J. Shammo

7,945

 

295,588

 

John F. Killian

69,715

 

477,093

 

Directors:

 

 

 

 

Richard L. Carrión

33,823

 

83,733

 

M. Frances Keeth

—     

 

23,330

 

Robert W. Lane

17,264

 

49,767

 

Sandra O. Moose

17,651

 

77,111

 

Joseph Neubauer

28,336

 

120,626

 

Donald T. Nicolaisen

—     

 

29,585

 

Thomas H. O’Brien

22,620

 

91,335

 

Clarence Otis, Jr.

3,000

 

32,046

 

Hugh B. Price

19,878

 

68,569

 

Rodney E. Slater

—     

 

7,498

 

John W. Snow

3,386

 

26,265

 

John R. Stafford

39,034

 

88,004

 

All of the above and other executive officers as a group**

3,026,405

 

8,871,781

 

*

Also serves as a Director.

**

Does not include shares held by Mr. Killian, who retired effective December 31, 2010.

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: 1,844,302 shares for Mr. Seidenberg; 92,892 shares for Ms. Ruesterholz; 62,215 shares for Mr. Killian; 32,160 shares for Mr. Carrión; 17,264 shares for Mr. Lane; 17,651 shares for Dr. Moose; 27,507 shares for Mr. Neubauer; 17,651 shares for Mr. O’Brien; 19,820 shares for Mr. Price; and 29,484 shares for Mr. Stafford. 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 and stock-based long-term incentive awards, 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 or that were otherwise provided to us, our executive officers and Directors met all Section 16(a) filing requirements during calendar year 2010.