QUALCOMM INC/DE — Director's Dealing 2011

Oct 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-10-04

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-04	Common Stock	M	8112.0	$43.62	Acquired	27103.0	Direct
2011-10-04	Common Stock	S	8112.0	$49.5323	Disposed	18991.0	Direct
2011-10-05	Common Stock	M	11888.0	$43.62	Acquired	30879.0	Direct
2011-10-05	Common Stock	S	11888.0	$49.5459	Disposed	18991.0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-04	Non-Qualified Stock Option (right to buy)	$43.62	M	8112.0	Disposed	2014-12-02	Common Stock (8112.0)	Direct
2011-10-05	Non-Qualified Stock Option (right to buy)	$43.62	M	11888.0	Disposed	2014-12-02	Common Stock (11888.0)	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 $49.50 to $49.56. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: The sale prices for this transaction ranged from $49.52 to $49.59. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.