VERIZON COMMUNICATIONS INC

Ticker: VZ CUSIP: 92343V104 Class: COM

Palisades Investment Partners, LLC's Holding History (CIK: 0001427373)

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

Q2 2014

Shares 15,900 Value ($000) $777,987,000 Avg Close $26.80 Range $25.38 - $27.86

Q1 2014

Shares 21,300 Value ($000) $1,013,241 Avg Close $25.87 Range $24.89 - $26.87

Q4 2013

Shares 17,000 Value ($000) $825 Avg Close $26.61 Range $24.81 - $27.89

Q3 2013

Shares 22,200 Value ($000) $1,036 Avg Close $26.13 Range $24.14 - $27.82

Q2 2013

Shares 22,200 Value ($000) $1,118 Avg Close $27.04 Range $25.33 - $28.80

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	15,900	$777,987,000	$26.80	$25.38 - $27.86
Q1 2014	21,300	$1,013,241	$25.87	$24.89 - $26.87
Q4 2013	17,000	$825	$26.61	$24.81 - $27.89
Q3 2013	22,200	$1,036	$26.13	$24.14 - $27.82
Q2 2013	22,200	$1,118	$27.04	$25.33 - $28.80