James J. Cathey - Nov 16, 2022 Form 4 Insider Report for QUALCOMM INC/DE (QCOM)

Role
Chief Commercial Officer
Signature
By: Jon Russo, Attorney-in-Fact For: James J. Cathey
Stock symbol
QCOM
Transactions as of
Nov 16, 2022
Transactions value $
-$63,433
Form type
4
Date filed
11/17/2022, 04:42 PM
Previous filing
Sep 16, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QCOM Common Stock Options Exercise $0 +211 +22.96% $0.00 1.13K Nov 16, 2022 Direct F1
transaction QCOM Common Stock Tax liability -$25.4K -211 -18.67% $120.73 917 Nov 16, 2022 Direct F1
transaction QCOM Common Stock Options Exercise $0 +315 +34.33% $0.00 1.23K Nov 16, 2022 Direct F1
transaction QCOM Common Stock Tax liability -$38K -315 -25.56% $120.73 917 Nov 16, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QCOM Restricted Stock Unit Options Exercise $0 -211 -1.39% $0.00 14.9K Nov 16, 2022 Common Stock 211 Direct F2, F3
transaction QCOM Restricted Stock Unit Options Exercise $0 -315 -2.11% $0.00 14.6K Nov 16, 2022 Common Stock 315 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Executive Restricted Stock Unit Agreements governing the applicable awards, the Restricted Stock Units granted to Mr. Cathey in May 2022 became fully vested upon Mr. Cathey's attainment of Normal Retirement Age (as defined in such agreements). These shares represent shares withheld to cover the tax liability associated with the vesting of such Restricted Stock Units.
F2 Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.
F3 These Restricted Stock Units vested and the converted shares were issued and withheld to cover the tax liability associated with the vesting of 5,975 Restricted Stock Units granted to Mr. Cathey on May 16, 2022 and which accelerated vesting upon his attainment of Normal Retirement Age. The remainder of the vested Restricted Stock Units will be converted and shares issued in three equal annual installments on May 20, 2023, 2024 and 2025.
F4 These Restricted Stock Units vested and the converted shares were issued and withheld to cover the tax liability associated with the vesting of 8,962 Restricted Stock Units granted to Mr. Cathey on May 16, 2022 and which accelerated vesting upon his attainment of Normal Retirement Age. The remainder of the vested Restricted Stock Units will be converted and shares issued in three equal annual installments on May 20, 2023, 2024 and 2025.