QUALCOMM INC/DE — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-27

Reporting Person: PADOVANI ROBERTO (EVP & Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	9334	$22.23	Acquired	9334	Indirect
2011-01-27	Common Stock	S	9334	$55	Disposed	0	Indirect
2011-01-27	Common Stock	M	10666	$34.83	Acquired	10666	Indirect
2011-01-27	Common Stock	S	10666	$55	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Non-Qualified Stock Option (right to buy)	$22.23	M	9334	Disposed	2013-11-27	Common Stock (9334)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$34.83	M	10666	Disposed	2016-11-09	Common Stock (10666)	Direct

Footnotes

F1: Securities held by Roberto Padovani and Colleen A. Padovani Trustees for the Padovani Family Trust dtd. 6/10/96.

F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F3: 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.