QUALCOMM INC/DE — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-15

Reporting Person: ABERLE DEREK K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	Common Stock	M	2000	$37.99	Acquired	3034	Direct
2011-02-15	Common Stock	S	2000	$58.8	Disposed	1034	Direct
2011-02-15	Common Stock	M	2900	$37.99	Acquired	3934	Direct
2011-02-15	Common Stock	S	2900	$58.8	Disposed	1034	Direct
2011-02-16	Common Stock	M	26850	$37.99	Acquired	27884	Direct
2011-02-16	Common Stock	S	26850	$58.8	Disposed	1034	Direct
2011-02-16	Common Stock	M	18250	$35.66	Acquired	19284	Direct
2011-02-16	Common Stock	S	18250	$58.8	Disposed	1034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-16	Non-Qualified Stock Option (right to buy)	$35.66	M	18250	Disposed	2018-11-06	Common Stock (18250)	Direct
2011-02-15	Non-Qualified Stock Option (right to buy)	$37.99	M	2000	Disposed	2016-10-26	Common Stock (2000)	Direct
2011-02-15	Non-Qualified Stock Option (right to buy)	$37.99	M	2900	Disposed	2016-10-26	Common Stock (2900)	Direct
2011-02-16	Non-Qualified Stock Option (right to buy)	$37.99	M	26850	Disposed	2016-10-26	Common Stock (26850)	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.