QUALCOMM INC/DE — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-05

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-05	Common Stock	M	334	$44.63	Acquired	16158.9848	Direct
2011-01-05	Common Stock	S	334	$51.5	Disposed	15824.9848	Direct
2011-01-05	Common Stock	M	250	$41.33	Acquired	16074.9848	Direct
2011-01-05	Common Stock	S	250	$51.5	Disposed	15824.9848	Direct
2011-01-05	Common Stock	M	146	$41.7	Acquired	15970.9848	Direct
2011-01-05	Common Stock	S	146	$51.5	Disposed	15824.9848	Direct
2011-01-05	Common Stock	M	146	$41.7	Acquired	15970.9848	Direct
2011-01-05	Common Stock	S	146	$51.5	Disposed	15824.9848	Direct
2011-01-05	Common Stock	M	2000	$47.35	Acquired	17824.9848	Direct
2011-01-05	Common Stock	S	2000	$51.5	Disposed	15824.9848	Direct
2011-01-05	Common Stock	M	12000	$44.63	Acquired	27824.9848	Direct
2011-01-05	Common Stock	S	12000	$51.5	Disposed	15824.9848	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	500	Disposed	2017-10-25	Common Stock (500)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	500	Disposed	2017-10-25	Common Stock (500)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	7500	Disposed	2017-10-25	Common Stock (7500)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.33	M	250	Disposed	2017-10-25	Common Stock (250)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.7	M	146	Disposed	2015-10-13	Common Stock (146)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.7	M	291	Disposed	2015-10-13	Common Stock (291)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.7	M	8020	Disposed	2015-10-13	Common Stock (8020)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.7	M	146	Disposed	2015-10-13	Common Stock (146)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$41.7	M	146	Disposed	2015-10-13	Common Stock (146)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$42.16	M	8000	Disposed	2014-10-14	Common Stock (8000)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	13000	Disposed	2018-04-24	Common Stock (13000)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	541	Disposed	2018-04-24	Common Stock (541)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	1083	Disposed	2018-04-24	Common Stock (1083)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	1083	Disposed	2018-04-24	Common Stock (1083)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	541	Disposed	2018-04-24	Common Stock (541)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	541	Disposed	2018-04-24	Common Stock (541)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$43.24	M	542	Disposed	2018-04-24	Common Stock (542)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	333	Disposed	2017-04-26	Common Stock (333)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	666	Disposed	2017-04-26	Common Stock (666)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	667	Disposed	2017-04-26	Common Stock (667)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	333	Disposed	2017-04-26	Common Stock (333)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	333	Disposed	2017-04-26	Common Stock (333)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	334	Disposed	2017-04-26	Common Stock (334)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.63	M	12000	Disposed	2017-04-26	Common Stock (12000)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.75	M	5503	Disposed	2019-11-08	Common Stock (5503)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$44.75	M	5503	Disposed	2019-11-08	Common Stock (5503)	Direct
2011-01-05	Non-Qualified Stock Option (right to buy)	$47.35	M	84	Disposed	2018-05-18	Common Stock (84)	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.

F5: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.