VERIZON COMMUNICATIONS INC

Ticker: VZ CUSIP: 92343V104 Class: COM

THIRD AVENUE MANAGEMENT LLC's Holding History (CIK: 0001099281)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 1,395 Value ($000) $68 Avg Close $27.62 Range $25.98 - $28.62

Q2 2014

Shares 53,388 Value ($000) $2,612 Avg Close $26.80 Range $25.38 - $27.86

Q1 2014

Shares 165,189 Value ($000) $7,858 Avg Close $25.87 Range $24.89 - $26.87

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	1,395	$68	$27.62	$25.98 - $28.62
Q2 2014	53,388	$2,612	$26.80	$25.38 - $27.86
Q1 2014	165,189	$7,858	$25.87	$24.89 - $26.87