QUALCOMM INC/DE — Director's Dealing 2010

Oct 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-10-27

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-27	Common Stock	M	375	$37.99	Acquired	16080.5288	Direct
2010-10-27	Common Stock	S	375	$44.5	Disposed	15705.5288	Direct
2010-10-27	Common Stock	M	1250	$35.66	Acquired	16955.5288	Direct
2010-10-27	Common Stock	S	1250	$44.5	Disposed	15705.5288	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-27	Non-Qualified Stock Option (right to buy)	$35.66	M	1250	Disposed	2018-11-06	Common Stock (1250)	Direct
2010-10-27	Non-Qualified Stock Option (right to buy)	$37.99	M	375	Disposed	2016-10-26	Common Stock (375)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect
Common Stock	100	Indirect

Footnotes

F1: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F2: Securities held by Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F3: Securities held in two separate Joint Accounts: 50 shares are held by Kyle R. Lederer and James P. Lederer (JTWROS) and 50 shares are held by Brian K. Lederer and James P. Lederer (JTWROS).

F4: 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.