QUALCOMM INC/DE — Director's Dealing 2010

Dec 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2010-12-13

Reporting Person: KEITEL WILLIAM E (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-13	Common Stock	M	32667	$22.23	Acquired	40841	Direct
2010-12-13	Common Stock	S	32667	$49.75	Disposed	8174	Direct
2010-12-13	Common Stock	M	42641	$43.62	Acquired	50815	Direct
2010-12-13	Common Stock	S	42641	$49.75	Disposed	8174	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-13	Non-Qualified Stock Option (right to buy)	$22.23	M	32667	Disposed	2013-11-27	Common Stock (32667)	Direct
2010-12-13	Non-Qualified Stock Option (right to buy)	$43.62	M	42641	Disposed	2014-12-02	Common Stock (42641)	Direct

Footnotes

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

F2: 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.