QUALCOMM INC/DE — Director's Dealing 2010

Oct 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-10-20

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-20	Common Stock	M	22852	$43	Acquired	2871192	Indirect
2010-10-20	Common Stock	S	22852	$44.26	Disposed	2848340	Indirect
2010-10-21	Common Stock	M	22852	$43	Acquired	2871192	Indirect
2010-10-21	Common Stock	S	22852	$44.4136	Disposed	2848340	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-20	Non-Qualified Stock Option (right to buy)	$43	M	22852	Disposed	2010-11-16	Common Stock (22852)	Direct
2010-10-21	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
Common Stock	9369138	Indirect

Footnotes

F1: 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.

F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F3: The sale prices for this transaction ranged from $44.34 to $44.49. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: Securities held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F5: Securities held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F6: 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.