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QUALCOMM INC/DE — Director's Dealing 2010
Oct 4, 2010
10546_dirs_2010-10-04_d6680905-f3d8-4ad2-b5f1-bec3d2f9f3c8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-09-30
Reporting Person: ALTMAN STEVEN R (President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-11 | Non-Qualified Stock Option (right to buy) | $34.83 | G | 213750 | Disposed | 2016-11-09 | Common Stock (213750) | Direct |
| 2010-08-11 | Non-Qualified Stock Option (right to buy) | $34.86 | G | 213750 | Acquired | 2016-11-09 | Common Stock (213750) | Indirect |
| 2010-09-30 | Phantom Stock Unit | $1 | A | 382 | Acquired | Common Stock (382) | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $34.83 | 2016-11-09 | Common Stock (213750) | 213750 | Indirect |
Footnotes
F1: The options vest 10% on the six month anniversary of the date of grant and the remaining balance vests monthly thereafter. The option is fully vested five years after the date of grant.
F2: This transaction represents the transfer of stock options from the Insider's direct ownership to Spouse's Grantor Annuity Trust.
F3: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.
F4: The common stock issued under the terms of the Company's Executive Retirement Matching Contribution Plan, a tax conditioned plan, is exempt under Rule 16b-3. The shares are held in a grantor trust and stock is the only permissable form of distribution under the Plan.
F5: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination and vest according to the following schedule: 100% at age 65 with acceleration provisions (1) at the rate of 25% per year for each subsequent year of participation, (2) after the individual reaches age 61, or (3) if they have more than 10 years of service.
F6: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination.
F7: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.