VERIZON COMMUNICATIONS INC

Ticker: VZ CUSIP: 92343V104 Class: COM

Chou Associates Management Inc.'s Holding History (CIK: 0001389403)

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

Q3 2014

Shares 2,630 Value ($000) $147 Avg Close $27.80 Range $26.97 - $30.03

Q2 2014

Shares 2,630 Value ($000) $137 Avg Close $26.80 Range $25.38 - $27.86

Q1 2014

Shares 2,630 Value ($000) $125 Avg Close $25.87 Range $24.89 - $26.87

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	2,630	$147	$27.80	$26.97 - $30.03
Q2 2014	2,630	$137	$26.80	$25.38 - $27.86
Q1 2014	2,630	$125	$25.87	$24.89 - $26.87