QUALCOMM INC/DE — Director's Dealing 2011

Jun 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-06-09

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-09	Common Stock	M	62500	$29.21	Acquired	62500	Indirect
2011-06-09	Common Stock	J	62500	—	Disposed	0	Indirect
2011-05-25	Common Stock	G	17590	—	Disposed	2338567	Indirect
2011-06-01	Common Stock	G	43129	—	Disposed	2295438	Indirect
2011-06-09	Common Stock	J	62500	—	Acquired	2357938	Indirect
2011-06-09	Common Stock	S	62500	$56.1368	Disposed	2295438	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-06	Non-Qualified Stock Option (right to buy)	$43.62	G	250000	Disposed	2014-12-02	Common Stock (250000)	Direct
2011-06-09	Non-Qualified Stock Option (right to buy)	$29.21	M	62500	Disposed	2011-11-29	Common Stock (62500)	Indirect
2011-06-06	Non-Qualified Stock Option (right to buy)	$43.62	G	250000	Acquired	2014-12-02	Common Stock (250000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2897.2376	Direct
Common Stock	8823981	Indirect
Common Stock	8823981	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$29.21	2011-11-29	Common Stock (10000)	10000	Direct
Non-Qualified Stock Option (right to buy)	$43.62	2014-12-02	Common Stock (250000)	250000	Indirect

Footnotes

F1: Grantor Retained Annuity Trust (GRAT) for the benefit of insider's spouse.

F2: Transfer of ownership form of securities.

F3: Securities held by Irwin M. Jacobs & Joan Klein Jacobs as Trustees of the Irwin Mark Jacobs & Joan Klein Jacobs Family Trust UTA dtd 6/2/80, as amended 6/30/92.

F4: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F5: The sale prices for this transaction ranged from $56.01 to $56.37. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F6: Stock options held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F7: Securities held by Joan Klein Jacobs, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F8: 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.

F9: The options vest as to 10% of the total shares granted on May 31, 2002 and as to 1/60th of the total shares granted on each monthly anniversary beginning on June 30, 2002.