QUALCOMM INC/DE — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-05

Reporting Person: KEITEL WILLIAM E (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-05	Common Stock	M	296000	$34.83	Acquired	304371.3166	Direct
2011-01-05	Common Stock	S	296000	$51.7525	Disposed	8371.3166	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-05	Non-Qualified Stock Option (right to buy)	$34.83	M	296000	Disposed	2016-11-09	Common Stock (296000)	Direct

Footnotes

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

F2: The sale prices for this transaction ranged from $51.75 to $51.7526. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F3: 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.