QUALCOMM INC/DE — Director's Dealing 2011

Jun 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-06-02

Reporting Person: ALTMAN STEVEN R (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-02	Common Stock	M	38000	$34.83	Acquired	142125	Indirect
2011-06-02	Common Stock	S	38000	$58.0674	Disposed	104125	Indirect
2011-06-02	Common Stock	M	134750	$37.29	Acquired	238875	Indirect
2011-06-02	Common Stock	S	134750	$58.0674	Disposed	104125	Indirect
2011-06-02	Common Stock	M	27250	$35.66	Acquired	131375	Indirect
2011-06-02	Common Stock	S	27250	$58.0674	Disposed	104125	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-02	Non-Qualified Stock Option (right to buy)	$34.83	M	38000	Disposed	2016-11-09	Common Stock (38000)	Direct
2011-06-02	Non-Qualified Stock Option (right to buy)	$35.66	M	27250	Disposed	2018-11-06	Common Stock (27250)	Direct
2011-06-02	Non-Qualified Stock Option (right to buy)	$37.29	M	134750	Disposed	2017-11-11	Common Stock (134750)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (37523)	37523	Indirect
Non-Qualified Stock Option (right to buy)	$34.83	2016-11-09	Common Stock (213750)	213750	Indirect
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (101435)	101435	Indirect
Non-Qualified Stock Option (right to buy)	$34.83	2016-11-09	Common Stock (213750)	213750	Indirect
Non-Qualified Stock Option (right to buy)	$37.29	2017-11-11	Common Stock (101435)	101435	Indirect

Footnotes

F1: Securities held by Steven R. Altman and Lisa J. Altman Ttees FBO The Altman Family Trust dtd. 8/21/92.

F2: The sale prices for this transaction ranged from $58.00 to $58.1708. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: Includes 429 shares acquired under the Company's Employee Stock Purchase Plan on March 31, 2011.

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: Grantor Retained Annuity Trust (GRAT) for the benefit of insider.

F6: This form corrects the exercise price of the Non-Qualified Stock Option noted in Table II. The original Form 4 was filed on October 4, 2010.

F7: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.