QUALCOMM INC/DE — Director's Dealing 2011

Jun 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-06-27

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-27	Common Stock	G	500000	—	Acquired	8633662	Indirect
2011-06-27	Common Stock	G	500000	—	Disposed	2653216	Indirect
2011-06-27	Common Stock	M	25000	$29.21	Acquired	2678216	Indirect
2011-06-27	Common Stock	S	25000	$55	Disposed	2653216	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-27	Non-Qualified Stock Option (right to buy)	$29.21	M	25000	Disposed	2011-11-29	Common Stock (25000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2897.2376	Direct
Common Stock	8633662	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$29.21	2011-11-29	Common Stock (10000)	10000	Direct

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

F2: Securities held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F3: 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.

F4: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F5: The sale prices for this transaction ranged from $55 to $55.0001. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F6: Stock options held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F7: 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.

F8: Securities held by Joan K. Jacobs, the reporting person's spouse.