QUALCOMM INC/DE — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-27

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	83	$47.35	Acquired	15824.026	Direct
2011-01-27	Common Stock	S	83	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	250	$41.33	Acquired	15991.026	Direct
2011-01-27	Common Stock	S	250	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	625	$35.66	Acquired	16366.026	Direct
2011-01-27	Common Stock	S	625	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	334	$44.63	Acquired	16075.026	Direct
2011-01-27	Common Stock	S	334	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	250	$41.33	Acquired	15991.026	Direct
2011-01-27	Common Stock	S	250	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	625	$35.66	Acquired	16366.026	Direct
2011-01-27	Common Stock	S	625	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	542	$43.24	Acquired	16283.026	Direct
2011-01-27	Common Stock	S	542	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	375	$37.99	Acquired	16116.026	Direct
2011-01-27	Common Stock	S	375	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	188	$37.99	Acquired	15929.026	Direct
2011-01-27	Common Stock	S	188	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	187	$37.99	Acquired	15928.026	Direct
2011-01-27	Common Stock	S	187	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	333	$44.63	Acquired	16074.026	Direct
2011-01-27	Common Stock	S	333	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	1250	$35.66	Acquired	16991.026	Direct
2011-01-27	Common Stock	S	1250	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	500	$41.33	Acquired	16241.026	Direct
2011-01-27	Common Stock	S	500	$54.19	Disposed	15741.026	Direct
2011-01-27	Common Stock	M	542	$43.24	Acquired	16283.026	Direct
2011-01-27	Common Stock	S	542	$54.19	Disposed	15741.026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Non-Qualified Stock Option (right to buy)	$35.66	M	625	Disposed	2018-11-06	Common Stock (625)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$35.66	M	625	Disposed	2018-11-06	Common Stock (625)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$35.66	M	1250	Disposed	2018-11-06	Common Stock (1250)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$37.99	M	375	Disposed	2016-10-26	Common Stock (375)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$37.99	M	188	Disposed	2016-10-26	Common Stock (188)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$37.99	M	187	Disposed	2016-10-26	Common Stock (187)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$41.33	M	500	Disposed	2017-10-25	Common Stock (500)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$43.24	M	542	Disposed	2018-04-24	Common Stock (542)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$43.24	M	542	Disposed	2018-04-24	Common Stock (542)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$44.63	M	334	Disposed	2017-04-26	Common Stock (334)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$44.63	M	333	Disposed	2017-04-26	Common Stock (333)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$47.35	M	83	Disposed	2018-05-18	Common Stock (83)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect
Common Stock	100	Indirect

Footnotes

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

F2: Securities held by Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F3: Securities held in two separate Joint Accounts: 50 shares are held by Kyle R. Lederer and James P. Lederer (JTWROS) and 50 shares are held by Brian K. Lederer and James P. Lederer (JTWROS).

F4: 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.