VERIZON COMMUNICATIONS INC

Ticker: VZ CUSIP: 92343V104 Class: COM

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q2 2014

Shares 44,528 Value ($000) $2,178,755 Avg Close $26.80 Range $25.38 - $27.86

Q1 2014

Shares 407,653 Value ($000) $19,392 Avg Close $25.87 Range $24.89 - $26.87

Q4 2013

Shares 184,246 Value ($000) $9,053 Avg Close $26.61 Range $24.81 - $27.89

Q3 2013

Shares 197,874 Value ($000) $9,233 Avg Close $26.13 Range $24.14 - $27.82

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	44,528	$2,178,755	$26.80	$25.38 - $27.86
Q1 2014	407,653	$19,392	$25.87	$24.89 - $26.87
Q4 2013	184,246	$9,053	$26.61	$24.81 - $27.89
Q3 2013	197,874	$9,233	$26.13	$24.14 - $27.82