QUALCOMM INC/DE — Director's Dealing 2010

Nov 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-11-11

Reporting Person: NELLES DUANE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-11	Common Stock	M	5000	$31.38	Acquired	116340	Indirect
2010-11-11	Common Stock	S	5000	$47.95	Disposed	111340	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-11	Non-Qualified Stock Option (right to buy)	$31.38	M	5000	Disposed	2014-03-01	Common Stock (5000)	Direct

Footnotes

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

F2: 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.