QUALCOMM INC/DE — Director's Dealing 2011

Jul 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-07-11

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-11	Common Stock	M	26583	$41.33	Acquired	53135.6477	Direct
2011-07-11	Common Stock	S	26583	$58.7239	Disposed	26552.6477	Direct
2011-07-11	Common Stock	M	583	$44.63	Acquired	27135.6477	Direct
2011-07-11	Common Stock	S	583	$58.7239	Disposed	26552.6477	Direct
2011-07-11	Common Stock	M	22834	$43.24	Acquired	49386.6477	Direct
2011-07-11	Common Stock	S	22834	$58.7239	Disposed	26552.6477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-11	Non-Qualified Stock Option (right to buy)	$41.33	M	26583	Disposed	2017-10-25	Common Stock (26583)	Direct
2011-07-11	Non-Qualified Stock Option (right to buy)	$43.24	M	22834	Disposed	2018-04-24	Common Stock (22834)	Direct
2011-07-11	Non-Qualified Stock Option (right to buy)	$44.63	M	583	Disposed	2017-04-26	Common Stock (583)	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 $58.62 to $58.78. 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.