QUALCOMM INC/DE — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-11

Reporting Person: GILBERT ANDREW M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-11	Common Stock	M	5973	$0.33	Acquired	14830	Direct
2011-02-11	Common Stock	M	45000	$47.5	Acquired	59830	Direct
2011-02-11	Common Stock	S	45000	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	28500	$44.63	Acquired	43330	Direct
2011-02-11	Common Stock	S	28500	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	22500	$38.63	Acquired	37330	Direct
2011-02-11	Common Stock	S	22500	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	1750	$37.99	Acquired	16580	Direct
2011-02-11	Common Stock	S	1750	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	11400	$51.48	Acquired	26230	Direct
2011-02-11	Common Stock	S	11400	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	940	$43.18	Acquired	15770	Direct
2011-02-11	Common Stock	S	940	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	3000	$41.33	Acquired	17830	Direct
2011-02-11	Common Stock	S	3000	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	1000	$37.99	Acquired	15830	Direct
2011-02-11	Common Stock	S	1000	$57.3721	Disposed	14830	Direct
2011-02-11	Common Stock	M	17786	$44.75	Acquired	32616	Direct
2011-02-11	Common Stock	S	17786	$57.3721	Disposed	14830	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Non-Qualified Stock Option (right to buy)	$0.33	M	5973	Disposed		Common Stock (5973)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$37.99	M	1750	Disposed	2016-10-26	Common Stock (1750)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$37.99	M	1000	Disposed	2016-10-26	Common Stock (1000)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$38.63	M	22500	Disposed	2018-01-10	Common Stock (22500)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$41.33	M	3000	Disposed	2017-10-25	Common Stock (3000)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$43.18	M	940	Disposed	2016-01-17	Common Stock (940)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$44.63	M	28500	Disposed	2017-04-26	Common Stock (28500)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$44.75	M	17786	Disposed	2019-11-08	Common Stock (17786)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$47.5	M	45000	Disposed	2016-01-26	Common Stock (45000)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$51.48	M	11400	Disposed	2016-04-13	Common Stock (11400)	Direct

Footnotes

F1: The sale prices for this transaction ranged from $57.35 to $57.42. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F2: The options vest as to 5,973 shares on the second, third, fourth and fifth anniversary of the date of grant. The option is fully vested five years after the date of grant.

F3: The expiration date for this option is two and one-half months after the end of the calendar year in which each respective tranche becomes vested and exercisable.

F4: 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.

F5: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.