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QUALCOMM INC/DE — Director's Dealing 2010
Jan 5, 2010
10546_dirs_2010-01-05_927a8e44-ecb7-4957-8129-21e6f99a9a5c.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: 2009-12-31
Reporting Person: ALTMAN STEVEN R (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-01-04 | Common Stock | M | 25000 | $33.01 | Acquired | 157088 | Indirect |
| 2010-01-04 | Common Stock | S | 25000 | $46.6981 | Disposed | 132088 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-04 | Non-Qualified Stock Option (right to buy) | $33.01 | M | 25000 | Disposed | 2015-06-30 | Common Stock (25000) | Direct |
| 2009-12-31 | Phantom Stock Unit | $1 | A | 3378 | Acquired | Common Stock (3378) | Indirect |
Footnotes
F1: Securities held by Steven R. Altman and Lisa J. Altman Ttees FBO The Altman Family Trust dtd. 8/21/92.
F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.
F3: The sale prices for this transaction ranged from $46.65 to $46.92. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.
F4: 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.
F5: 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.
F6: 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.
F7: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination.