QUALCOMM INC/DE — Director's Dealing 2011

Nov 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-11-03

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-26	Common Stock	G	500000.0	$0.0	Acquired	7865251.0	Indirect
2011-10-17	Common Stock	G	23096.0	$0.0	Disposed	4644160.0	Indirect
2011-10-21	Common Stock	G	57516.0	$0.0	Disposed	4586644.0	Indirect
2011-10-26	Common Stock	G	500000.0	$0.0	Disposed	3586644.0	Indirect
2011-11-01	Common Stock	G	24850.0	$0.0	Disposed	3561794.0	Indirect
2011-11-03	Common Stock	M	68700.0	$17.47	Acquired	3630494.0	Indirect
2011-11-03	Common Stock	S	68700.0	$56.3049	Disposed	3561794.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-03	Non-Qualified Stock Option (right to buy)	$17.47	M	68700.0	Disposed	2012-11-07	Common Stock (68700.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3877.354	Direct
Common Stock	7865251.0	Indirect

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

F2: Stock options held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F3: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F4: Securities held by Irwin M. Jacobs & Joan Klein Jacobs as Trustees of the Irwin Mark Jacobs & Joan Klein Jacobs Family Trust UTA dtd 6/2/80, as amended 6/30/92.

F5: The sale prices for this transaction ranged from $55.93 to $56.4975. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F6: Stock options held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F7: 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.