QUALCOMM INC/DE — Director's Dealing 2011

Mar 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-03-30

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-30	Common Stock	M	750	$37.99	Acquired	10158.7937	Direct
2011-03-30	Common Stock	S	750	$54.5	Disposed	9408.7937	Direct
2011-03-30	Common Stock	M	1000	$41.33	Acquired	10408.7937	Direct
2011-03-30	Common Stock	S	1000	$54.5	Disposed	9408.7937	Direct
2011-03-30	Common Stock	M	2500	$35.66	Acquired	11908.7937	Direct
2011-03-30	Common Stock	S	2500	$54.5	Disposed	9408.7937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-30	Non-Qualified Stock Option (right to buy)	$35.66	M	2500	Disposed	2018-11-06	Common Stock (2500)	Direct
2011-03-30	Non-Qualified Stock Option (right to buy)	$37.99	M	750	Disposed	2016-10-26	Common Stock (750)	Direct
2011-03-30	Non-Qualified Stock Option (right to buy)	$41.33	M	1000	Disposed	2017-10-25	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect
Common Stock	100	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 Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F3: Securities held in two separate Joint Accounts: 50 shares are held by Kyle R. Lederer and James P. Lederer (JTWROS) and 50 shares are held by Brian K. Lederer and James P. Lederer (JTWROS).

F4: 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.