QUALCOMM INC/DE — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-27

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	26075	$37.29	Acquired	44485	Direct
2011-01-27	Common Stock	S	26075	$54.6595	Disposed	18410	Direct
2011-01-27	Common Stock	M	21834	$34.83	Acquired	40244	Direct
2011-01-27	Common Stock	S	21834	$54.6595	Disposed	18410	Direct
2011-01-27	Common Stock	M	10000	$44.02	Acquired	28410	Direct
2011-01-27	Common Stock	S	10000	$54.6595	Disposed	18410	Direct
2011-01-27	Common Stock	M	60666	$35.66	Acquired	79076	Direct
2011-01-27	Common Stock	S	60666	$54.6595	Disposed	18410	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Non-Qualified Stock Option (right to buy)	$34.83	M	21834	Disposed	2016-11-09	Common Stock (21834)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$35.66	M	60666	Disposed	2018-11-06	Common Stock (60666)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$37.29	M	26075	Disposed	2017-11-11	Common Stock (26075)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$44.02	M	10000	Disposed	2015-11-03	Common Stock (10000)	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 $54.50 to $54.92. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: 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.