QUALCOMM INC/DE — Director's Dealing 2010

Mar 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-03-03

Reporting Person: JACOBS PAUL E (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-16	Common Stock	G	100000	—	Acquired	473269	Indirect
2010-03-03	Common Stock	J	37142	—	Disposed	436127	Indirect
2010-02-16	Common Stock	G	100000	—	Disposed	590696	Indirect
2010-03-03	Common Stock	J	37142	—	Acquired	664980	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-23	Non-Qualified Stock Option (right to buy)	$37.29	G	213750	Disposed	2017-11-11	Common Stock (213750)	Direct
2010-02-23	Non-Qualified Stock Option (right to buy)	$37.29	G	213750	Acquired	2017-11-11	Common Stock (213750)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	436127	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (213750)	213750	Indirect

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

F2: Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.

F3: This transaction represents the distribution of shares from Mrs. Stacy Jacobs's GRAT to the Paul and Stacy Jacobs Family Trust Dtd 5/3/2000.

F4: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F5: The options vest 10% on the six month anniversary of the date of grant and the remaining balance vests monthly thereafter. The option is fully vested five years after the date of grant.

F6: This transaction represents the transfer of stock options from the Insider's direct ownership to Spouse's Grantor Annuity Trust.

F7: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.

F8: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.