QUALCOMM INC/DE 4
4 · QUALCOMM INC/DE · Filed Jul 3, 2007
Insider Transaction Report
Form 4
QUALCOMM INC/DEQCOM
LUPIN LOUIS M
Senior VP, General Counsel
Transactions
- Award
Phantom Stock Unit
2007-06-29$43.03/sh+217$9,337→ 16,284.656 total(indirect: By Trust)Exercise: $1.00→ Common Stock (217 underlying)
Footnotes (3)
- [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.