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: ALTMAN STEVEN R (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-01	Common Stock	M	50000.0	$34.83	Acquired	154355.0	Indirect
2012-02-01	Common Stock	S	50000.0	$59.5023	Disposed	104355.0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-01	Non-Qualified Stock Option (right to buy)	$34.83	M	50000.0	Disposed	2016-11-09	Common Stock (50000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	152.0	Direct

Footnotes

F1: Securities held by Steven R. Altman and Lisa J. Altman Ttees FBO The Altman Family Trust dtd. 8/21/92.

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 $59.50 to $59.53. 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.