QUALCOMM INC/DE — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-15

Reporting Person: JACOBS PAUL E (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	Common Stock	G	100000	—	Acquired	533571	Indirect
2011-02-15	Common Stock	J	33813	—	Disposed	499758	Indirect
2011-01-28	Common Stock	G	40000	—	Disposed	571400	Indirect
2011-02-15	Common Stock	G	100000	—	Disposed	405213	Indirect
2011-02-15	Common Stock	J	33813	—	Acquired	439026	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	499758	Indirect

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose. The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F2: Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.

F3: This transaction represents the distribution of shares from Mrs. Stacy Jacobs's GRAT to the Paul and Stacy Jacobs Family Trust Dtd 5/3/2000.

F4: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F5: Securities held by Harlan A. Jacobs, Trustee of The Paul E. Jacobs Annuity Trust.