QUALCOMM INC/DE — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2012-01-23

Reporting Person: JACOBS IRWIN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common Stock	M	12500.0	$17.47	Acquired	4215997.0	Indirect
2012-01-23	Common Stock	S	12500.0	$57.94	Disposed	4203497.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-23	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	4374.1729	Direct
Common Stock	7229339.0	Indirect
Common Stock	7229339.0	Indirect

Footnotes

F1: 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.

F2: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F3: Securities held by Nicholas S. Oliva, Trustee of the Irwin Mark Jacobs' Grantor Retained Annuity Trust.

F4: Stock options held by Nicholas S. Oliva, Trustee of the Joan Klein Jacobs' Grantor Retained Annuity Trust.

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.