QUALCOMM INC/DE — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-18

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common Stock	M	132750	$35.66	Acquired	158877.1713	Direct
2011-02-18	Common Stock	S	132750	$59.0776	Disposed	26127.1713	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Non-Qualified Stock Option (right to buy)	$35.66	M	132750	Disposed	2018-11-06	Common Stock (132750)	Direct

Footnotes

F1: The sale prices for this transaction ranged from $59.02 to $59.21. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.