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QUALCOMM INC/DE Director's Dealing 2010

Nov 12, 2010

10546_dirs_2010-11-12_e9dadee6-4746-4d80-baea-743aca586509.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: 2010-11-09

Reporting Person: NELLES DUANE (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-11-09 Common Stock M 20000 $20.64 Acquired 131340 Indirect
2010-11-09 Common Stock S 20000 $47.9846 Disposed 111340 Indirect
2010-11-09 Common Stock M 15000 $18.81 Acquired 126340 Indirect
2010-11-09 Common Stock S 15000 $47.9846 Disposed 111340 Indirect
2010-11-10 Common Stock M 5000 $18.81 Acquired 116340 Indirect
2010-11-10 Common Stock S 5000 $47.9213 Disposed 111340 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-11-09 Non-Qualified Stock Option (right to buy) $18.81 M 15000 Disposed 2013-02-10 Common Stock (15000) Direct
2010-11-10 Non-Qualified Stock Option (right to buy) $18.81 M 5000 Disposed 2013-02-10 Common Stock (5000) Direct
2010-11-09 Non-Qualified Stock Option (right to buy) $20.64 M 20000 Disposed 2012-02-11 Common Stock (20000) Direct

Footnotes

F1: Securities held by Duane A. Nelles and Gaile G. NellesTrustees for the Nelles Intervivos Trust dtd. 3/29/1976.

F2: The sale prices for this transaction ranged from $47.93 to $48.1850. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: The sale prices for this transaction ranged from $47.90 to $47.95. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.

F5: The options vest as to 10% of the total shares granted on August 12, 2002 and as to 1/60th of the total shares granted on each monthly anniversary beginning on September 12, 2002.