QUALCOMM INC/DE — Director's Dealing 2010

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2009-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-04	Common Stock	M	22000	$29.21	Acquired	812696	Indirect
2010-01-04	Common Stock	S	22000	$46.6794	Disposed	790696	Indirect
2010-01-04	Common Stock	M	2000	$29.21	Acquired	792696	Indirect
2010-01-04	Common Stock	S	2000	$46.9731	Disposed	790696	Indirect
2010-01-04	Common Stock	M	28000	$29.21	Acquired	818696	Indirect
2010-01-04	Common Stock	S	28000	$46.9731	Disposed	790696	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-04	Non-Qualified Stock Option (right to buy)	$29.21	M	22000	Disposed	2011-11-29	Common Stock (22000)	Direct
2010-01-04	Non-Qualified Stock Option (right to buy)	$29.21	M	2000	Disposed	2011-11-29	Common Stock (2000)	Direct
2010-01-04	Non-Qualified Stock Option (right to buy)	$29.21	M	28000	Disposed	2011-11-29	Common Stock (28000)	Indirect
2009-12-31	Phantom Stock Unit	$1	A	8608	Acquired		Common Stock (8608)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	373269	Indirect
Common Stock	373269	Indirect

Footnotes

F1: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F3: The sale prices for this transaction ranged from $46.65 to $46.82. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: The sale prices for this transaction ranged from $46.96 to $46.99. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F5: Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.

F6: The options vest as to 10% of the total shares granted on May 31, 2002 and as to 1/60th of the total shares granted on each monthly anniversary beginning on June 30, 2002.

F7: The common stock issued under the terms of the Company's Executive Retirement Matching Contribution Plan, a tax conditioned plan, is exempt under Rule 16b-3. The shares are held in a grantor trust and stock is the only permissable form of distribution under the Plan.

F8: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination and vest according to the following schedule: 100% at age 65 with acceleration provisions (1) at the rate of 25% per year for each subsequent year of participation, (2) after the individual reaches age 61, or (3) if they have more than 10 years of service.

F9: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination.