QUALCOMM INC/DE — Director's Dealing 2014

May 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2014-05-01

Reporting Person: Johnson Margaret L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-01	Common Stock	M	731.0	$35.66	Acquired	25051	Direct
2014-05-01	Common Stock	S	731.0	$78.53	Disposed	24320	Direct
2014-05-01	Common Stock	M	1669.0	$44.75	Acquired	25989	Direct
2014-05-01	Common Stock	S	1669.0	$78.53	Disposed	24320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-01	Non-Qualified Stock Option (right to buy)	$35.66	M	731.0	Disposed	2018-11-06	Common Stock (731)	Direct
2014-05-01	Non-Qualified Stock Option (right to buy)	$44.75	M	1669.0	Disposed	2019-11-08	Common Stock (1669)	Direct

Footnotes

F1: The transaction was conducted under a 10b5-1 Plan, as defined under the Securities Exchange Act of 1934, as amended.

F2: 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.

F3: Employee stock options granted under the Company's 2006 Long-Term Incentive Plan. The options vest on each six month date after the date of grant as to 1/8th of the total shares granted until fully vested four years from the date of grant.