QUALCOMM INC/DE — Director's Dealing 2011

Jul 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-07-01

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-01	Common Stock	G	61178	—	Disposed	2592038	Indirect
2011-07-05	Common Stock	M	10000	$29.21	Acquired	2602038	Indirect
2011-07-05	Common Stock	S	10000	$57.8487	Disposed	2592038	Indirect
2011-07-05	Common Stock	M	2500	$29.21	Acquired	2594538	Indirect
2011-07-05	Common Stock	S	2500	$57.8487	Disposed	2592038	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-05	Non-Qualified Stock Option (right to buy)	$29.21	M	10000	Disposed	2011-11-29	Common Stock (10000)	Direct
2011-07-05	Non-Qualified Stock Option (right to buy)	$29.21	M	2500	Disposed	2011-11-29	Common Stock (2500)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3348.9505	Direct
Common Stock	8633662	Indirect
Common Stock	8633662	Indirect

Footnotes

F1: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F2: Securities held by Irwin M. Jacobs & Joan Klein Jacobs as Trustees of the Irwin Mark Jacobs & Joan Klein Jacobs Family Trust UTA dtd 6/2/80, as amended 6/30/92.

F3: The sale prices for this transaction ranged from $57.67 to $58.00. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: Stock options held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F5: Securities held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F6: The options vest as to 10% of the total shares granted on May 31, 2002 and as to 1/60th of the total shares granted on each monthly anniversary beginning on June 30, 2002.