QUALCOMM INC/DE — Director's Dealing 2011

Jul 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-07-10

Reporting Person: GROB MATTHEW S (EVP & Chief Technology Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-10	Non-Qualified Stock Option (right to buy)	$58.24	A	100000	Acquired	2018-07-09	Common Stock (100000)	Direct
2011-07-10	Restricted Stock Unit	$1	A	26670	Acquired	2021-07-09	Common Stock (26670)	Direct

Footnotes

F1: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.

F2: These shares are represented by restricted stock units. The units vest annually over three years. Upon vesting, the restricted stock units will be paid out in whole shares of common stock.