Statement of Changes of Beneficial Ownership


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

JACOBS PAUL E
2. Issuer Name and Ticker or Trading Symbol

QUALCOMM INC/DE [ QCOM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman & CEO
(Last)          (First)          (Middle)

5775 MOREHOUSE DR.
3. Date of Earliest Transaction (MM/DD/YYYY)

11/4/2009
(Street)

SAN DIEGO, CA 92121-1714
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/4/2009     M    14000   A $29.21   875814   I   by Trust   (1)
Common Stock   11/4/2009     S (2)    14000   D $42.4753   (3) 861814   I   by Trust   (1)
Common Stock   11/6/2009     M    18000   A $29.21   879814   I   by Trust   (1)
Common Stock   11/6/2009     S (2)    18000   D $46.9607   (4) 861814   I   by Trust   (1)
Common Stock                  337142   I   By GRAT  
Common Stock                  22880   I   FBO children  
Common Stock                  337142   I   by GRAT S   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   $29.21   11/4/2009     M         14000      (6) 11/29/2011   Common Stock   14000   $0   134000   D    
Non-Qualified Stock Option (right to buy)   $29.21   11/6/2009     M         18000      (6) 11/29/2011   Common Stock   18000   $0   116000   D    
Non-Qualified Stock Option (right to buy)   $29.21                      (6) 11/29/2011   Common Stock   378000     378000   I   by Spouse  

Explanation of Responses:
( 1)  Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.
( 2)  The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.
( 3)  The sale prices for this transaction ranged from $42.46 to $42.51. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.
( 4)  The sale prices for this transaction ranged from $43.96 to $43.963. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.
( 5)  Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.
( 6)  The options vest as to 10% of the total shares granted on May 31, 2002 and as to 1/60th of the total shares granted on each monthly anniversary beginning on June 30, 2002.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
JACOBS PAUL E
5775 MOREHOUSE DR.
SAN DIEGO, CA 92121-1714
X
Chairman & CEO

Signatures
By: Lisa V. Murzic, Attorney-in-Fact For: Paul E. Jacobs 11/6/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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