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QUALCOMM INC/DE Director's Dealing 2011

Apr 28, 2011

10546_dirs_2011-04-28_84cf12c1-5f65-4ae7-af4f-0b23635fec84.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-04-27

Reporting Person: JACOBS PAUL E (Director, Chairman & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-04-27 Common Stock M 6681 $33.01 Acquired 513291 Indirect
2011-04-27 Common Stock S 6681 $58.46 Disposed 506610 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-04-27 Non-Qualified Stock Option (right to buy) $33.01 M 6681 Disposed 2015-06-30 Common Stock (6681) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 465966 Indirect
Common Stock 465966 Indirect

Footnotes

F1: Securities held by Paul E. Jacobs and Stacy Jacobs Trustees for the Paul & Stacy Jacobs Family Trust dtd. 5/3/00.

F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F3: Securities held by Harlan A. Jacobs, Trustee of The Paul E. Jacobs Annuity Trust.

F4: Securities held by Harlan A. Jacobs, Trustee of The Stacy R. Jacobs Annuity Trust.

F5: 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.