QUALCOMM INC/DE — Director's Dealing 2010

Nov 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-11-05

Reporting Person: NELLES DUANE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-05	Common Stock	M	20000	$31.53	Acquired	20000	Direct
2010-11-05	Common Stock	S	20000	$48.1301	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-05	Non-Qualified Stock Option (right to buy)	$31.53	M	20000	Disposed	2011-02-26	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	111340	Indirect

Footnotes

F1: The sale prices for this transaction ranged from $48.05 to $48.25. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F2: Securities held by Duane A. Nelles and Gaile G. NellesTrustees for the Nelles Intervivos Trust dtd. 3/29/1976.

F3: The options vest as to 10% of the total shares granted on August 27, 2001 and as to 1/60th of the total shares granted on each monthly anniversary beginning on September 27, 2001.