QUALCOMM INC/DE — Director's Dealing 2010

Aug 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-08-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-16	Common Stock	J	60516	—	Disposed	475611	Indirect
2010-08-16	Common Stock	J	60516	—	Acquired	586012	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-11	Non-Qualified Stock Option (right to buy)	$34.83	G	288750	Disposed	2016-11-09	Common Stock (288750)	Direct
2010-08-11	Non-Qualified Stock Option (right to buy)	$34.83	G	288750	Acquired	2016-11-06	Common Stock (288750)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	475611	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$34.83	2016-11-09	Common Stock (288750)	288750	Indirect

Footnotes

F1: 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.

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

F3: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F4: Securities held by Harlan A. Jacobs, Trustee of The Paul E. Jacobs Annuity Trust.

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.