QUALCOMM INC/DE — Director's Dealing 2011

Jul 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-07-01

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-01	Common Stock	M	17417	$41.33	Acquired	43969.6477	Direct
2011-07-01	Common Stock	S	17417	$57.5	Disposed	26552.6477	Direct
2011-07-01	Common Stock	M	4000	$51.48	Acquired	30552.6477	Direct
2011-07-01	Common Stock	S	4000	$57.5	Disposed	26552.6477	Direct
2011-07-01	Common Stock	M	28583	$44.63	Acquired	55135.6477	Direct
2011-07-01	Common Stock	S	28583	$57.5	Disposed	26552.6477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-01	Non-Qualified Stock Option (right to buy)	$41.33	M	17417	Disposed	2017-10-25	Common Stock (17417)	Direct
2011-07-01	Non-Qualified Stock Option (right to buy)	$44.63	M	28583	Disposed	2017-04-26	Common Stock (28583)	Direct
2011-07-01	Non-Qualified Stock Option (right to buy)	$51.48	M	4000	Disposed	2016-04-13	Common Stock (4000)	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 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.