QUALCOMM INC/DE — Director's Dealing 2011

Aug 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-08-01

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-01	Common Stock	M	15000	$44.02	Acquired	33991	Direct
2011-08-01	Common Stock	S	15000	$55.1733	Disposed	18991	Direct
2011-08-01	Common Stock	M	15000	$43.62	Acquired	33991	Direct
2011-08-01	Common Stock	S	15000	$55.1733	Disposed	18991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-01	Non-Qualified Stock Option (right to buy)	$43.62	M	15000	Disposed	2014-12-02	Common Stock (15000)	Direct
2011-08-01	Non-Qualified Stock Option (right to buy)	$44.02	M	15000	Disposed	2015-11-03	Common Stock (15000)	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 $55.08 to $55.26. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: Includes 152 shares acquired under the Company's Employee Stock Purchase Plan on July 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.