QUALCOMM INC/DE — Director's Dealing 2011

Apr 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-04-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-21	Common Stock	M	6166	$34.83	Acquired	14769	Direct
2011-04-21	Common Stock	S	6166	$57.1	Disposed	8603	Direct
2011-04-21	Common Stock	M	7083	$37.29	Acquired	15686	Direct
2011-04-21	Common Stock	S	7083	$57.1	Disposed	8603	Direct
2011-04-21	Common Stock	M	6250	$35.66	Acquired	14853	Direct
2011-04-21	Common Stock	S	6250	$57.1	Disposed	8603	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-21	Non-Qualified Stock Option (right to buy)	$34.83	M	6166	Disposed	2016-11-09	Common Stock (6166)	Direct
2011-04-21	Non-Qualified Stock Option (right to buy)	$35.66	M	6250	Disposed	2018-11-06	Common Stock (6250)	Direct
2011-04-21	Non-Qualified Stock Option (right to buy)	$37.29	M	7083	Disposed	2017-11-11	Common Stock (7083)	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.