SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ALTMAN STEVEN R

(Last)

(First)

(Middle)

5775 MOREHOUSE DR.

(Street)

SAN DIEGO

92121-1714

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
QUALCOMM INC/DE [ QCOM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/01/2007		M		647	A	$29.21	180,576	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		647	D	$42.08	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		276	A	$29.21	180,205	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		276	D	$42.07	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		412	A	$29.21	180,341	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		412	D	$42.05	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		65	A	$29.21	179,994	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		65	D	$42.04	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		2,251	A	$29.21	182,180	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		2,251	D	$42.2	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		471	A	$29.21	180,400	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		471	D	$42.06	179,929	I	by Trust⁽¹⁾
Common Stock	10/01/2007		M		5,882	A	$29.21	185,811	I	by Trust⁽¹⁾
Common Stock	10/01/2007		S⁽²⁾		5,882	D	$41.96	179,929	I	by Trust⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$17.47	10/01/2007		M			353	⁽³⁾	11/07/2012	Common Stock	353	$0	19,647	D
Non-Qualified Stock Option (right to buy)	$17.47	10/01/2007		M			176	⁽³⁾	11/07/2012	Common Stock	176	$0	19,471	D
Non-Qualified Stock Option (right to buy)	$17.47	10/01/2007		M			6,137	⁽³⁾	11/07/2012	Common Stock	6,137	$0	13,334	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			2,513	⁽³⁾	11/27/2013	Common Stock	2,513	$0	97,487	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			765	⁽³⁾	11/27/2013	Common Stock	765	$0	96,722	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			1,118	⁽³⁾	11/27/2013	Common Stock	1,118	$0	95,604	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			824	⁽³⁾	11/27/2013	Common Stock	824	$0	94,780	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			909	⁽³⁾	11/27/2013	Common Stock	909	$0	93,871	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			272	⁽³⁾	11/27/2013	Common Stock	272	$0	93,599	D
Non-Qualified Stock Option (right to buy)	$22.23	10/01/2007		M			265	⁽³⁾	11/27/2013	Common Stock	265	$0	93,334	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			335	⁽⁴⁾	11/29/2011	Common Stock	335	$0	344,665	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			412	⁽⁴⁾	11/29/2011	Common Stock	412	$0	344,253	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			176	⁽⁴⁾	11/29/2011	Common Stock	176	$0	344,077	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			59	⁽⁴⁾	11/29/2011	Common Stock	59	$0	344,018	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			682	⁽⁴⁾	11/29/2011	Common Stock	682	$0	343,336	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			647	⁽⁴⁾	11/29/2011	Common Stock	647	$0	342,689	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			276	⁽⁴⁾	11/29/2011	Common Stock	276	$0	342,413	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			412	⁽⁴⁾	11/29/2011	Common Stock	412	$0	342,001	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			65	⁽⁴⁾	11/29/2011	Common Stock	65	$0	341,936	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			2,251	⁽⁴⁾	11/29/2011	Common Stock	2,251	$0	339,685	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			471	⁽⁴⁾	11/29/2011	Common Stock	471	$0	339,214	D
Non-Qualified Stock Option (right to buy)	$29.21	10/01/2007		M			5,882	⁽⁴⁾	11/29/2011	Common Stock	5,882	$0	333,332	D
Phantom Stock Unit⁽⁵⁾	$1	09/28/2007		A		556		⁽⁶⁾	⁽⁷⁾	Common Stock	556	$41.013	35,600.947	I	by Grantor Trust⁽⁵⁾

Explanation of Responses:

1. Securities held by Steven R. Altman and Lisa J. Altman Ttees FBO The Altman Family Trust dtd. 8/21/92.

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

3. 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.

4. 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.

5. 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.

6. 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.

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

	By: Noreen E. Burns, Attorney-in-Fact For: Steven R. Altman	10/02/2007
	** 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).
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