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QUALCOMM INC/DE Director's Dealing 2010

Jan 4, 2010

10546_dirs_2010-01-04_2a52f9c7-fce9-4c73-98d0-17fab5d9c375.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2009-12-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-11-18 Common Stock G 100000 Acquired 373269 Indirect
2009-11-18 Common Stock G 100000 Disposed 790696 Indirect
2009-12-30 Common Stock M 30000 $29.21 Acquired 820696 Indirect
2009-12-30 Common Stock S 30000 $46.96 Disposed 790696 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-12-30 Non-Qualified Stock Option (right to buy) $29.21 M 30000 Disposed 2011-11-29 Common Stock (30000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 373269 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-Qualified Stock Option (right to buy) $29.21 2011-11-29 Common Stock (378000) 378000 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. The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

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

F5: 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.