QUALCOMM INC/DE — Director's Dealing 2012

Feb 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2012-02-22

Reporting Person: SULLIVAN DANIEL L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-22	Common Stock	M	7000.0	$43.62	Acquired	22743.0	Indirect
2012-02-22	Common Stock	S	7000.0	$62.94	Disposed	15743.0	Indirect
2012-02-23	Common Stock	M	14500.0	$43.62	Acquired	30243.0	Indirect
2012-02-23	Common Stock	S	14500.0	$62.9401	Disposed	15743.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-22	Non-Qualified Stock Option (right to buy)	$43.62	M	7000.0	Disposed	2014-12-02	Common Stock (7000.0)	Direct
2012-02-23	Non-Qualified Stock Option (right to buy)	$43.62	M	14500.0	Disposed	2014-12-02	Common Stock (14500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9469.0	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 $62.94 to $62.95. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: Includes 230 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2012.

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.