QUALCOMM INC/DE — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-03

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	M	20000	$44.02	Acquired	38510.7581	Direct
2011-01-03	Common Stock	S	20000	$49.9181	Disposed	18510.7581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Non-Qualified Stock Option (right to buy)	$44.02	M	20000	Disposed	2015-11-03	Common Stock (20000)	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 sale prices for this transaction ranged from $49.88 to $49.95. 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.