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: 2010-11-08

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-08	Common Stock	M	40000	$43	Acquired	58410	Direct
2010-11-08	Common Stock	S	40000	$47.6291	Disposed	18410	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-08	Non-Qualified Stock Option (right to buy)	$43	M	40000	Disposed	2010-11-16	Common Stock (40000)	Direct

Footnotes

F1: The sale prices for this transaction ranged from $47.59 to $47.68. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.