QUALCOMM INC/DE — Director's Dealing 2011

May 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-05-11

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-11	Common Stock	M	22000	$41.7	Acquired	48453.1023	Direct
2011-05-11	Common Stock	S	22000	$57.5	Disposed	26453.1023	Direct
2011-05-11	Common Stock	M	28000	$51.48	Acquired	54453.1023	Direct
2011-05-11	Common Stock	S	28000	$57.5	Disposed	26453.1023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-11	Non-Qualified Stock Option (right to buy)	$41.7	M	22000	Disposed	2015-10-13	Common Stock (22000)	Direct
2011-05-11	Non-Qualified Stock Option (right to buy)	$51.48	M	28000	Disposed	2016-04-13	Common Stock (28000)	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.