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Verizon 2005 Interactive Annual Report

PRINCIPAL SHAREHOLDERS
On January 31, 2006, there were approximately 2.9 billion shares of Verizon Communications Inc. common stock outstanding. This table sets forth information as of December 31, 2005, 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
 153,639,1831 5.56%
1
 This information is based upon a filing with the Securities and Exchange Commission dated January 31, 2006, made by Barclays setting forth information as of December 31, 2005. 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 and Barclays Global Investors Japan Trust and Banking Company 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, 2006, 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 Executive Deferral Plan); and (ii) restricted stock units by executive officers (which are payable in shares of Verizon common stock under agreements).
Name Shares Beneficially Owned Other Stock-Based Holdings1 Options Exercisable within 60 Days
Named Executive Officers:      
Ivan G. Seidenberg* 218,980 1,251,689 4,752,614
Lawrence T. Babbio, Jr. 185,463 376,711 2,562,959
Dennis F. Strigl 477 384,488 1,623,409
William P. Barr 13,473 253,096 1,435,700
Doreen A. Toben 18,689 242,388 872,599
Other Directors:      
James R. Barker 5,124 155,788 34,904
Richard L. Carrión 3,060 17,418 62,479
Robert W. Lane – 5,357 6,039
Sandra O. Moose – 24,036 34,904
Joseph Neubauer 640 35,140 64,060
Donald T. Nicolaisen – 3,335 –
Thomas H. O'Brien 5,163 50,988 41,653
Clarence Otis, Jr. – 4,143 –
Hugh B. Price 1,561 16,574 51,154
Walter V. Shipley 14,769 7,568 55,232
John R. Stafford 14,649 16,767 51,154
Robert D. Storey 366 28,129 30,653
All of the above and other Executive Officers as a group 570,164 3,484,721 13,695,463
* 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
Securities and Exchange Commission 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 2005.
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* This is an interactive electronic version of Verizon’s 2005 Annual Report to Shareholders, and it is intended to be complete and accurate. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF format on this website.