QUALCOMM INC/DE — Director's Dealing 2010

Oct 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-10-18

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-13	Common Stock	G	1000000	—	Acquired	9369138	Indirect
2010-10-13	Common Stock	G	1000000	—	Disposed	2848340	Indirect
2010-10-18	Common Stock	M	22852	$43	Acquired	2871192	Indirect
2010-10-18	Common Stock	S	22852	$44.5983	Disposed	2848340	Indirect
2010-10-19	Common Stock	M	22852	$43	Acquired	2871192	Indirect
2010-10-19	Common Stock	S	22852	$44.25	Disposed	2848340	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-18	Non-Qualified Stock Option (right to buy)	$43	M	22852	Disposed	2010-11-16	Common Stock (22852)	Direct
2010-10-19	Non-Qualified Stock Option (right to buy)	$43	M	22852	Disposed	2010-11-16	Common Stock (22852)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1920.0718	Direct
Common Stock	9369138	Indirect

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

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

F3: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F4: 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.

F5: The sale prices for this transaction ranged from $44.5701 to $44.7300. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F6: Securities held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F7: Employee stock options granted under the Company's 1991 Stock Option Plan. The options vest as to 10% of the total shares granted on May 17, 2001 and as to 1/60th of the total shares granted on each monthly anniversary beginning on June 17, 2001.