QUALCOMM INC/DE — Director's Dealing 2010

Oct 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-10-12

Reporting Person: ABERLE DEREK K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-12	Common Stock	M	2000	$35.66	Acquired	3034	Direct
2010-10-12	Common Stock	S	2000	$45	Disposed	1034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-12	Non-Qualified Stock Option (right to buy)	$35.66	M	2000	Disposed	2018-11-06	Common Stock (2000)	Direct

Footnotes

F1: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

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.