5.65%GE 20.37 5.56%QQQQ 34.01 6.00%
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NEW YORK - The executive vice president of the Americas and India for chip maker Qualcomm Inc. exercised options for 3,200 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.
| QCOM | 39.01 |  -1.86 |
In a Form 4 filed with the SEC, Margaret L. Johnson reported exercising the options on Monday for $23.78 apiece and then selling 3,000 shares on the same day for $43.71 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Qualcomm is based in San Diego.
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