QUALCOMM INC/DE — Director's Dealing 2011

Feb 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-08

Reporting Person: KEITEL WILLIAM E (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-08	Common Stock	M	12333	$34.83	Acquired	20507	Direct
2011-02-08	Common Stock	S	12333	$55.75	Disposed	8174	Direct
2011-02-08	Common Stock	M	21250	$37.29	Acquired	29424	Direct
2011-02-08	Common Stock	S	21250	$55.75	Disposed	8174	Direct
2011-02-08	Common Stock	M	12500	$35.66	Acquired	20674	Direct
2011-02-08	Common Stock	S	12500	$55.75	Disposed	8174	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-08	Non-Qualified Stock Option (right to buy)	$34.83	M	12333	Disposed	2016-11-09	Common Stock (12333)	Direct
2011-02-08	Non-Qualified Stock Option (right to buy)	$35.66	M	12500	Disposed	2018-11-06	Common Stock (12500)	Direct
2011-02-08	Non-Qualified Stock Option (right to buy)	$37.29	M	21250	Disposed	2017-11-11	Common Stock (21250)	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.