QUALCOMM INC/DE — Director's Dealing 2011

Feb 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-08

Reporting Person: ALTMAN STEVEN R (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-08	Common Stock	M	4750	$37.29	Acquired	117418	Indirect
2011-02-08	Common Stock	S	4750	$56.0046	Disposed	112668	Indirect
2011-02-08	Common Stock	M	120250	$35.66	Acquired	232918	Indirect
2011-02-08	Common Stock	S	120250	$56.0046	Disposed	112668	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-08	Non-Qualified Stock Option (right to buy)	$35.66	M	120250	Disposed	2018-11-06	Common Stock (120250)	Direct
2011-02-08	Non-Qualified Stock Option (right to buy)	$37.29	M	4750	Disposed	2017-11-11	Common Stock (4750)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (138958)	138958	Indirect
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (138958)	138958	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 $56.00 to $56.03. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.

F4: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.

F5: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.