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QUALCOMM INC/DE Director's Dealing 2011

Feb 4, 2011

10546_dirs_2011-02-04_f591274d-2cf6-4ba8-828e-f45cd9a3c3d4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: ALTMAN STEVEN R (President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-02 Common Stock M 159740 $33.01 Acquired 292408 Indirect
2011-02-02 Common Stock S 159740 $54.502 Disposed 132668 Indirect
2011-02-03 Common Stock M 40260 $33.01 Acquired 172928 Indirect
2011-02-03 Common Stock M 47500 $34.83 Acquired 220428 Indirect
2011-02-03 Common Stock S 47500 $54.5034 Disposed 172928 Indirect
2011-02-03 Common Stock S 40260 $54.5034 Disposed 132668 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-02 Non-Qualified Stock Option (right to buy) $33.01 M 159740 Disposed 2015-06-30 Common Stock (159740) Direct
2011-02-03 Non-Qualified Stock Option (right to buy) $33.01 M 40260 Disposed 2015-06-30 Common Stock (40260) Direct
2011-02-03 Non-Qualified Stock Option (right to buy) $34.83 M 47500 Disposed 2016-11-09 Common Stock (47500) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-Qualified Stock Option (right to buy) $34.83 2016-11-09 Common Stock (213750) 213750 Indirect

Footnotes

F1: Securities held by Steven R. Altman and Lisa J. Altman Ttees FBO The Altman Family Trust dtd. 8/21/92.

F2: The sale prices for this transaction ranged from $54.50 to $54.52. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: The sale prices for this transaction ranged from $54.50 to $54.5505. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: Includes 266 and 314 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2010 and July 31, 2010, respectively.

F5: 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.

F6: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.