James J. Cathey - 16 Nov 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
Issuer symbol
QCOM
Transactions as of
16 Nov 2022
Net transactions value
-$63,433
Form type
4
Filing time
17 Nov 2022, 16:42:59 UTC
Previous filing
16 Sep 2022
Next filing
21 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QCOM Common Stock Options Exercise $0 +211 +23% $0.000000 1,128 16 Nov 2022 Direct F1
transaction QCOM Common Stock Tax liability $25,422 -211 -19% $120.73 917 16 Nov 2022 Direct F1
transaction QCOM Common Stock Options Exercise $0 +315 +34% $0.000000 1,232 16 Nov 2022 Direct F1
transaction QCOM Common Stock Tax liability $38,011 -315 -26% $120.73 917 16 Nov 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 -1.4% $0.000000 14,911 16 Nov 2022 Common Stock 211 Direct F2, F3
transaction QCOM Restricted Stock Unit Options Exercise $0 -315 -2.1% $0.000000 14,596 16 Nov 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.