Qualcomm CEO Got 1.4 Million Options, $1.2 Million Salary, Bonus In FY05"

WASHINGTON -(Dow Jones)- Wireless communications company Qualcomm disclosed Thursday that it paid Chief Executive Paul E. Jacobs 1.4 million options, and $1.15 million in salary and bonus in its 2005 fiscal year ended Dec. 25.

Jacobs received 800,000 of his 1.4 million options as a one-time grant upon becoming CEO in July 2005. Those options have an exercise price of $33.01 per share. The remainder have an exercise price of $43.62 per share.

Shares of Qualcomm traded recently at $49 a share.

Jacobs, who previously was group president of the company's wireless and Internet group, saw his 2005 salary increase 22.2% to $650,016 from its 2004 level of $531,743, according to the company's proxy statement filed with the Securities and Exchange Commission. He received 400,000 options for 2004.

The San Diego-based company had previously stated that Jacobs' base salary increased to $950,000 upon taking the role as chief executive from his father, Irwin Jacobs.

-By Ed Welsch, Dow Jones Newswires; 202-862-1356; edward.welsch@dowjones.com

(END) Dow Jones Newswires "

Posted to the site on 13th January 2006