QUALCOMM INC/DE — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2011-01-27

Reporting Person: SULLIVAN DANIEL L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	84583	$34.83	Acquired	99515	Indirect
2011-01-27	Common Stock	S	84583	$54.545	Disposed	14932	Indirect
2011-01-27	Common Stock	M	18667	$22.23	Acquired	33599	Indirect
2011-01-27	Common Stock	S	18667	$54.545	Disposed	14932	Indirect
2011-01-27	Common Stock	M	56750	$35.66	Acquired	71682	Indirect
2011-01-27	Common Stock	S	56750	$54.545	Disposed	14932	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Non-Qualified Stock Option (right to buy)	$22.23	M	18667	Disposed	2013-11-27	Common Stock (18667)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$34.83	M	84583	Disposed	2016-11-09	Common Stock (84583)	Direct
2011-01-27	Non-Qualified Stock Option (right to buy)	$35.66	M	56750	Disposed	2018-11-06	Common Stock (56750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4684	Direct

Footnotes

F1: Securities held by Daniel L. Sullivan & Kathryn Sullivan, Trustees of the Sullivan Family Trust dtd. 9/2/99.

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 $54.19 to $54.90. 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.