QUALCOMM INC/DE — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2012-02-27

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-27	Common Stock	G	500000.0	$0.0	Acquired	7729339.0	Indirect
2012-02-27	Common Stock	G	500000.0	$0.0	Disposed	3136406.0	Indirect
2012-02-27	Common Stock	M	12500.0	$17.47	Acquired	3148906.0	Indirect
2012-02-27	Common Stock	S	12500.0	$62.9	Disposed	3136406.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-27	Non-Qualified Stock Option (right to buy)	$17.47	M	12500.0	Disposed	2012-11-07	Common Stock (12500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16874.1729	Direct
Common Stock	7729339.0	Indirect

Footnotes

F1: Gift to Spouse's Grantor Retained Annuity Trust (GRAT) who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by Mrs. Jacobs' GRAT, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

F2: Securities held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

F3: Securities held by Irwin M. Jacobs & Joan Klein Jacobs as Trustees of the Irwin Mark Jacobs & Joan Klein Jacobs Family Trust UTA dtd 6/2/80, as amended 6/30/92.

F4: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F5: Securities held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F6: 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.