QUALCOMM INC/DE — Director's Dealing 2010

Apr 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-04-26

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-26	Common Stock	J	653312	—	Disposed	8300446	Indirect
2010-04-26	Common Stock	J	653312	—	Acquired	5541305	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-23	Non-Qualified Stock Option (right to buy)	$22.23	G	195000	Disposed	2013-11-27	Common Stock (195000)	Direct
2010-04-23	Non-Qualified Stock Option (right to buy)	$22.23	G	195000	Acquired	2013-11-27	Common Stock (195000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	595.805	Direct
Common Stock	8300446	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$22.23	2013-11-27	Common Stock (300000)	300000	Indirect

Footnotes

F1: This transaction represents the distribution of shares from Mrs. Jacobs' GRAT to the Jacobs Family Trust.

F2: Securities held by Joan Klein Jacobs, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F3: Securities held by Irwin M. Jacobs & Joan Klein Jacobs as Trustees of the Irwin Mark Jacobs & Joan Klein Jacobs Family Trust UTA dtd 6/2/80, as amended 6/30/92.

F4: Securities held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained 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: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.

F7: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.