QUALCOMM INC/DE — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-02-11

Reporting Person: Rosenberg Donald J (EVP & Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-11	Common Stock	M	26000	$35.66	Acquired	26000	Direct
2011-02-11	Common Stock	S	26000	$57.5094	Disposed	0	Direct
2011-02-11	Common Stock	M	74000	$40.31	Acquired	74000	Direct
2011-02-11	Common Stock	S	74000	$57.5094	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Non-Qualified Stock Option (right to buy)	$35.66	M	26000	Disposed	2018-11-06	Common Stock (26000)	Direct
2011-02-11	Non-Qualified Stock Option (right to buy)	$40.31	M	74000	Disposed	2007-10-18	Common Stock (74000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	333	Indirect

Footnotes

F1: The sale prices for this transaction ranged from $57.48 to $57.55. 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.

F3: The options vest 20% on the one year 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.