QUALCOMM INC/DE — Director's Dealing 2011

Apr 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-04-20

Reporting Person: PADOVANI ROBERTO (EVP & Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-20	Common Stock	M	3333	$34.83	Acquired	3333	Indirect
2011-04-20	Common Stock	S	3333	$54.9046	Disposed	0	Indirect
2011-04-20	Common Stock	M	16667	$35.66	Acquired	16667	Indirect
2011-04-20	Common Stock	S	16667	$54.9046	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-20	Non-Qualified Stock Option (right to buy)	$34.83	M	3333	Disposed	2016-11-09	Common Stock (3333)	Direct
2011-04-20	Non-Qualified Stock Option (right to buy)	$35.66	M	16667	Disposed	2018-11-06	Common Stock (16667)	Direct

Footnotes

F1: Securities held by Roberto Padovani and Colleen A. Padovani Trustees for the Padovani Family Trust dtd. 6/10/96.

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

F3: The sale prices for this transaction ranged from $54.90 to $54.96 The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

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.