| |
|
 |
 |
|
 |
|
|
|
PRINCIPAL
SHAREHOLDERS
On January 31, 2005, there were approximately 2.8 billion
shares of Verizon Communications Inc. common stock outstanding.
This table sets forth information as of December 31,
2004, about persons we know to beneficially own more
than five percent of shares of Verizon common stock.
|
 |
| Title
of Voting Class |
Name
and Address of
Beneficial Owner
|
Amount
Beneficially
Owned |
Percent
of
Class |
|
|
| Common
Stock |
Barclays
Global Investors, NA
45 Fremont Street,
17th Floor
San Francisco, California 94105
|
144,186,2381 |
5.20% |
|
|
|
| 1
|
This information
is based upon a filing with the Securities and Exchange
Commission dated February 14, 2005, made by Barclays
setting forth information as of December 31, 2004.
Shares listed as beneficially owned by Barclays
are owned by the following entities: Barclays Global
Investors, NA, Barclays Global Fund Advisors, Barclays
Global Investors, LTD, Barclays Global Investors
Japan Trust and Banking Company Limited, Barclays
Life Assurance Company Limited, Barclays Bank PLC,
Barclays Capital Securities Limited, Barclays Capital
Inc, Barclays Private Bank & Trust (Isle of
Man) Limited, Barclays Private Bank and Trust (Jersey)
Limited, Barclays Bank Trust Company Limited, Barclays
Bank (Suisse) SA, Barclays Private Bank Limited,
Bronco (Barclays Cayman) Limited, Palomino Limited
and HYMF Limited. |
|
SECURITY
OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS
The Human Resources Committee of the Board has approved
stock ownership guidelines for all executive officers.
Under these guidelines, by the end of a five-year period,
the Chief Executive Officer is encouraged to acquire
and hold Company shares with a value of five times the
base salary then in effect; other executive officers,
depending upon their position, are encouraged to acquire
and hold shares having a value of one to four times
salary. The Committee reviews stock ownership on an
annual basis. The Board’s Corporate Governance
Guidelines encourage directors of the Company to hold
a minimum of 5,000 shares, to be acquired over a period
of up to five years.
This table sets forth information as of January 31,
2005, regarding: (a) the shares of Verizon common stock
beneficially owned (including shares held in the Company’s
employee savings plans) by the named executive officers,
each Director and all executive officers and Directors
as a group; (b) the total Verizon stock-based holdings
of the named individuals and the group; and (c) the
shares which may be acquired within 60 days pursuant
to the exercise of stock options by the named individuals
and the group. The shares shown in this table, in the
aggregate, represent less than one percent of the total
outstanding shares of Verizon. Except as otherwise noted,
each individual and/or his or her family member(s) have
sole or shared voting and/or investment power with respect
to the securities.
The middle column of the table combines beneficial
ownership of shares of Verizon common stock through
holdings of (i) deferred stock units by non-employee
Directors (which are payable in cash or shares of Verizon
common stock at the election of the Director and are
accrued under deferred compensation plans) and by executive
officers (which are payable in cash pursuant to deferrals
under the Verizon Income Deferral Plan); and (ii) restricted
stock units by executive officers (which are payable
in shares of Verizon common stock under agreements).
|
|
|
| |
Beneficially |
Stock-Based |
Exercisable |
|
| Name |
Owned |
Holdings1 |
within
60 Days |
|
|
| Named
Executive Officers: |
|
|
|
|
|
| Ivan G. Seidenberg* |
188,729 |
731,916
|
4,528,443 |
|
|
| Lawrence T. Babbio, Jr. |
169,400 |
189,350 |
2,589,470 |
|
|
| Dennis F. Strigl |
164 |
202,107 |
1,484,408 |
|
|
| William P. Barr |
12,962 |
142,150 |
1,336,900 |
|
|
| Doreen A. Toben |
14,723 |
124,921 |
786,474 |
|
|
| Other
Directors: |
|
|
|
|
|
| James R. Barker |
5,124 |
145,069 |
34,904 |
|
|
| Richard L. Carrión |
2,961 |
13,036 |
62,479 |
|
|
| Robert W. Lane |
— |
1,527 |
16,039 |
|
|
| Sandra O. Moose |
— |
19,350 |
34,904 |
|
|
| Joseph Neubauer |
611 |
29,946 |
101,060 |
|
|
| Thomas H. O’Brien |
5,163 |
45,069 |
73,653 |
|
|
| Hugh B. Price |
1,492 |
12,230 |
51,154 |
|
|
| Walter V. Shipley |
14,270 |
3,637 |
55,232 |
|
|
| John R. Stafford |
14,276 |
12,415 |
51,154 |
|
|
| Robert D. Storey |
366 |
23,256 |
30,653 |
|
|
|
| All of the above and other Executive
Officers as a group |
501,719 |
1,958,195 |
12,976,600 |
|
|
|
|
| * |
Also
serves as a Director. |
| 1 |
Shares are held
under deferred compensation plans and may
not be voted or transferred. |
|
|
 |
SECTION
16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
SEC rules require the Company to disclose late
filings of stock transaction reports by its executive
officers and Directors. Based solely on a review
of reports filed by the Company on these individuals’
behalf, all Section 16(a) filing requirements
have been met during calendar year 2004, except
that, due to broker reporting errors, one transaction
by Mr. William F. Heitmann and one transaction
by Dr. Sandra O. Moose were not reported timely.
|
|
|
|
|
|
