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. Carrión; 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.