QUALCOMM INC/DE — Director's Dealing 2010

Nov 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-11-17

Reporting Person: ABERLE DEREK K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-17	Common Stock	M	20000	$45.56	Acquired	21034	Direct
2010-11-17	Common Stock	S	20000	$48.1091	Disposed	1034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-17	Non-Qualified Stock Option (right to buy)	$45.56	M	20000	Disposed	2010-12-14	Common Stock (20000)	Direct

Footnotes

F1: The sale prices for this transaction ranged from $48.10 to $48.1117. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F2: The options vest 20% on the one year 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.