QUALCOMM INC/DE — Director's Dealing 2011

Apr 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-04-12

Reporting Person: MOLLENKOPF STEVEN M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-12	Common Stock	M	833	$37.99	Acquired	27286.1023	Direct
2011-04-12	Common Stock	S	833	$52.8	Disposed	26453.1023	Direct
2011-04-12	Common Stock	M	666	$34.52	Acquired	27119.1023	Direct
2011-04-12	Common Stock	S	666	$52.8	Disposed	26453.1023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-12	Non-Qualified Stock Option (right to buy)	$34.52	M	666	Disposed	2016-07-27	Common Stock (666)	Direct
2011-04-12	Non-Qualified Stock Option (right to buy)	$37.99	M	833	Disposed	2016-10-26	Common Stock (833)	Direct

Footnotes

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

F2: Includes 429 shares acquired under the Company's Employee Stock Purchase Plan on March 31, 2011.

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.