QUALCOMM INC/DE — Director's Dealing 2010

Sep 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-09-21

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-20	Common Stock	G	25945	—	Disposed	3402719	Indirect
2010-09-02	Common Stock	G	62909	—	Disposed	3339810	Indirect
2010-09-21	Common Stock	M	29294	$1	Acquired	3369104	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-21	Phantom Stock Unit	$1	M	29294	Disposed		Common Stock (29294)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1360.346	Direct
Common Stock	9108756	Indirect
Common Stock	9108756	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: This settlement of phantom stock under the Executive Retirement Matching Contribution Plan is exempt from Section 16(b) under Rule 16b-6(b) and Rule 16b-3.

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: The common stock issued under the terms of the Company's Executive Retirement Matching Contribution Plan, a tax conditioned plan, is exempt under Rule 16b-3. The shares are held in a grantor trust and stock is the only permissable form of distribution under the Plan.

F7: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination and vest according to the following schedule: 100% at age 65 with acceleration provisions (1) at the rate of 25% per year for each subsequent year of participation, (2) after the individual reaches age 61, or (3) if they have more than 10 years of service.

F8: The rights awarded under the Company's Executive Retirement Matching Contribution Plan will be eligible for distribution upon termination.