QUALCOMM INC/DE — Director's Dealing 2012

Mar 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2012-03-14

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-14	Common Stock	M	7338.0	$44.75	Acquired	14498.7602	Direct
2012-03-14	Common Stock	S	7338.0	$65.5	Disposed	7160.7602	Direct
2012-03-14	Common Stock	M	3167.0	$44.63	Acquired	10327.7602	Direct
2012-03-14	Common Stock	S	3167.0	$65.5	Disposed	7160.7602	Direct
2012-03-14	Common Stock	M	10000.0	$52.87	Acquired	17160.7602	Direct
2012-03-14	Common Stock	S	10000.0	$65.5	Disposed	7160.7602	Direct
2012-03-14	Common Stock	M	1709.0	$47.35	Acquired	8869.7602	Direct
2012-03-14	Common Stock	S	1709.0	$65.5	Disposed	7160.7602	Direct
2012-03-14	Common Stock	M	638.0	$51.48	Acquired	7798.7602	Direct
2012-03-14	Common Stock	S	638.0	$65.5	Disposed	7160.7602	Direct
2012-03-14	Common Stock	M	5146.0	$43.24	Acquired	12306.7602	Direct
2012-03-14	Common Stock	S	5146.0	$65.5	Disposed	7160.7602	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-14	Non-Qualified Stock Option (right to buy)	$43.24	M	5146.0	Disposed	2018-04-24	Common Stock (5146.0)	Direct
2012-03-14	Non-Qualified Stock Option (right to buy)	$44.63	M	3167.0	Disposed	2017-04-26	Common Stock (3167.0)	Direct
2012-03-14	Non-Qualified Stock Option (right to buy)	$44.75	M	7338.0	Disposed	2019-11-08	Common Stock (7338.0)	Direct
2012-03-14	Non-Qualified Stock Option (right to buy)	$47.35	M	1709.0	Disposed	2018-05-18	Common Stock (1709.0)	Direct
2012-03-14	Non-Qualified Stock Option (right to buy)	$51.48	M	638.0	Disposed	2016-04-13	Common Stock (638.0)	Direct
2012-03-14	Non-Qualified Stock Option (right to buy)	$52.87	M	10000.0	Disposed	2018-08-03	Common Stock (10000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50.0	Indirect
Common Stock	100.0	Indirect

Footnotes

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

F2: Securities held by Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F3: Securities held in two separate Joint Accounts: 50 shares are held by Kyle R. Lederer and James P. Lederer (JTWROS) and 50 shares are held by Brian K. Lederer and James P. Lederer (JTWROS).

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.

F5: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.