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: Lansing Sherry (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-08	Common Stock	M	6000	$41.83	Acquired	8245	Indirect
2010-11-08	Common Stock	S	6000	$48.2078	Disposed	2245	Indirect
2010-11-08	Common Stock	M	4853	$36.81	Acquired	7098	Indirect
2010-11-08	Common Stock	S	4853	$48.1928	Disposed	2245	Indirect
2010-11-08	Common Stock	M	2480	$36.81	Acquired	4725	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-08	Non-Qualified Stock Option (right to buy)	$36.81	M	4853	Disposed	2016-09-17	Common Stock (4853)	Direct
2010-11-08	Non-Qualified Stock Option (right to buy)	$36.81	M	2480	Disposed	2016-09-17	Common Stock (2480)	Direct
2010-11-08	Non-Qualified Stock Option (right to buy)	$41.83	M	6000	Disposed	2017-03-12	Common Stock (6000)	Direct

Footnotes

F1: Securities held by Sherry Lansing, Trustee of the Sherry Lansing Trust dtd. April 23, 1988.

F2: The sale prices for this transaction ranged from $48.20 to $48.22. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: The sale prices for this transaction ranged from $48.17 to $48.20. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: The options vest 20% on the one year 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: The options vest 100% one year from the date of grant.