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QUALCOMM INC/DE — Director's Dealing 2010
Jul 2, 2010
10546_dirs_2010-07-02_1ffef093-ff97-40a8-822c-031956a406d0.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: 2010-06-30
Reporting Person: SULLIVAN DANIEL L (Executive Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-06-30 | Phantom Stock Unit | $1 | A | 224 | Acquired | Common Stock (224) | Indirect |
Footnotes
F1: 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.
F2: 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.
F3: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination.