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QUALCOMM INC/DE Director's Dealing 2011

Feb 23, 2011

10546_dirs_2011-02-23_bc860f4f-d027-40d1-a8a5-94f3510d6d0a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-18

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-18 Common Stock M 70000 $33.01 Acquired 509026 Indirect
2011-02-18 Common Stock S 70000 $58.9399 Disposed 439026 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-18 Non-Qualified Stock Option (right to buy) $33.01 M 70000 Disposed 2015-06-30 Common Stock (70000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 499758 Indirect
Common Stock 499758 Indirect

Footnotes

F1: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F2: The sale prices for this transaction ranged from $58.91 to $58.98 The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: Securities held by Harlan A. Jacobs, Trustee of The Paul E. Jacobs Annuity Trust.

F4: Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.

F5: 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.