QUALCOMM INC/DE — Director's Dealing 2014

Feb 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2014-02-10

Reporting Person: SULLIVAN DANIEL L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-10	Common Stock	M	11000.0	$44.75	Acquired	20040	Indirect
2014-02-10	Common Stock	S	11000.0	$74.3368	Disposed	9040	Indirect
2014-02-10	Common Stock	M	46000.0	$44.02	Acquired	55040	Indirect
2014-02-10	Common Stock	S	46000.0	$74.3368	Disposed	9040	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-10	Non-Qualified Stock Option (right to buy)	$44.02	M	46000.0	Disposed	2015-11-03	Common Stock (46000)	Direct
2014-02-10	Non-Qualified Stock Option (right to buy)	$44.75	M	11000.0	Disposed	2019-11-08	Common Stock (11000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9469	Direct

Footnotes

F1: Securities held by Daniel L. Sullivan & Kathryn Sullivan, Trustees of the Sullivan Family Trust dtd. 9/2/99.

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 $74.30 to $74.40. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F4: Includes 191 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2014.

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.

F6: 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.