QUALCOMM INC/DE — Director's Dealing 2010

Dec 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-12-02

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Common Stock	M	542	$43.24	Acquired	16247.5288	Direct
2010-12-02	Common Stock	S	542	$48.5	Disposed	15705.5288	Direct
2010-12-02	Common Stock	M	333	$44.63	Acquired	16038.5288	Direct
2010-12-02	Common Stock	S	333	$48.5	Disposed	15705.5288	Direct
2010-12-02	Common Stock	M	500	$41.33	Acquired	16205.5288	Direct
2010-12-02	Common Stock	S	500	$48.5	Disposed	15705.5288	Direct
2010-12-02	Common Stock	M	187	$37.99	Acquired	15892.5288	Direct
2010-12-02	Common Stock	S	187	$48.5	Disposed	15705.5288	Direct
2010-12-02	Common Stock	M	625	$35.66	Acquired	16330.5288	Direct
2010-12-02	Common Stock	S	625	$48.5	Disposed	15705.5288	Direct
2010-12-02	Common Stock	M	1834	$44.75	Acquired	17539.5288	Direct
2010-12-02	Common Stock	S	1834	$48.5	Disposed	15705.5288	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Non-Qualified Stock Option (right to buy)	$35.66	M	625	Disposed	2018-11-06	Common Stock (625)	Direct
2010-12-02	Non-Qualified Stock Option (right to buy)	$37.99	M	187	Disposed	2016-10-26	Common Stock (187)	Direct
2010-12-02	Non-Qualified Stock Option (right to buy)	$41.33	M	500	Disposed	2017-10-25	Common Stock (500)	Direct
2010-12-02	Non-Qualified Stock Option (right to buy)	$43.24	M	542	Disposed	2018-04-24	Common Stock (542)	Direct
2010-12-02	Non-Qualified Stock Option (right to buy)	$44.63	M	333	Disposed	2017-04-26	Common Stock (333)	Direct
2010-12-02	Non-Qualified Stock Option (right to buy)	$44.75	M	1834	Disposed	2019-11-08	Common Stock (1834)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect
Common Stock	100	Indirect

Footnotes

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

F2: Securities held by Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F3: Securities held in two separate Joint Accounts: 50 shares are held by Kyle R. Lederer and James P. Lederer (JTWROS) and 50 shares are held by Brian K. Lederer and James P. Lederer (JTWROS).

F4: 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.

F5: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.