QUALCOMM INC/DE — Director's Dealing 2012

Feb 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2012-02-01

Reporting Person: LEDERER JAMES P (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-01	Common Stock	M	13125.0	$35.66	Acquired	25950.7602	Direct
2012-02-01	Common Stock	S	13125.0	$59.5	Disposed	12825.7602	Direct
2012-02-01	Common Stock	M	2812.0	$37.99	Acquired	15637.7602	Direct
2012-02-01	Common Stock	S	2812.0	$59.5	Disposed	12825.7602	Direct
2012-02-01	Common Stock	M	4750.0	$41.33	Acquired	17575.7602	Direct
2012-02-01	Common Stock	S	4750.0	$59.5	Disposed	12825.7602	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-01	Non-Qualified Stock Option (right to buy)	$35.66	M	13125.0	Disposed	2018-11-06	Common Stock (13125.0)	Direct
2012-02-01	Non-Qualified Stock Option (right to buy)	$37.99	M	2812.0	Disposed	2016-10-26	Common Stock (2812.0)	Direct
2012-02-01	Non-Qualified Stock Option (right to buy)	$41.33	M	4750.0	Disposed	2017-10-25	Common Stock (4750.0)	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: Includes 230 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2012.

F3: Securities held by Mitchell J. Lederer (UTMA/CA) and James P. Lederer (C/F).

F4: 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).

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.