QUALCOMM INC/DE — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-03

Reporting Person: ABERLE DEREK K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-03	Common Stock	M	40000	$35.66	Acquired	41034	Direct
2011-02-03	Common Stock	S	40000	$55	Disposed	1034	Direct
2011-02-03	Common Stock	M	25000	$35.66	Acquired	26034	Direct
2011-02-03	Common Stock	S	25000	$54.7651	Disposed	1034	Direct
2011-02-03	Common Stock	M	700	$33.57	Acquired	1734	Direct
2011-02-03	Common Stock	S	700	$54.7651	Disposed	1034	Direct
2011-02-03	Common Stock	M	9800	$33.57	Acquired	10834	Direct
2011-02-03	Common Stock	S	9800	$54.7651	Disposed	1034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-03	Non-Qualified Stock Option (right to buy)	$33.57	M	700	Disposed	2015-04-14	Common Stock (700)	Direct
2011-02-03	Non-Qualified Stock Option (right to buy)	$33.57	M	9800	Disposed	2015-04-14	Common Stock (9800)	Direct
2011-02-03	Non-Qualified Stock Option (right to buy)	$35.66	M	40000	Disposed	2018-11-06	Common Stock (40000)	Direct
2011-02-03	Non-Qualified Stock Option (right to buy)	$35.66	M	25000	Disposed	2018-11-06	Common Stock (25000)	Direct

Footnotes

F1: The sale prices for this transaction ranged from $54.75 to $54.80. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.