QUALCOMM INC/DE — Director's Dealing 2011

Aug 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-08-12

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-12	Common Stock	M	667	$34.52	Acquired	23452.0984	Direct
2011-08-12	Common Stock	S	667	$49.76	Disposed	22785.0984	Direct
2011-08-12	Common Stock	M	834	$37.99	Acquired	23619.0984	Direct
2011-08-12	Common Stock	S	834	$49.76	Disposed	22785.0984	Direct
2011-08-12	Common Stock	S	4477	$49.76	Disposed	18308.0984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-12	Non-Qualified Stock Option (right to buy)	$34.52	M	667	Disposed	2016-07-27	Common Stock (667)	Direct
2011-08-12	Non-Qualified Stock Option (right to buy)	$37.99	M	834	Disposed	2016-10-26	Common Stock (834)	Direct

Footnotes

F1: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F2: These shares are represented by restricted stock units. The units vest 40% on the two year anniversary of the date of grant and 20% vest on the third, fourth and fifth anniversaries of the date of grant. Upon vesting, the restricted stock units will be paid out in whole shares of common stock.

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.