QUALCOMM INC/DE — Director's Dealing 2015

May 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2015-05-03

Reporting Person: GROB MATTHEW S (EVP, Qualcomm Technologies Inc)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-04	Common Stock	M	2000.0	$41.36	Acquired	48596	Indirect
2015-05-04	Common Stock	S	2000.0	$68.45	Disposed	46596	Indirect
2015-05-05	Common Stock	M	9760.0	$0.0	Acquired	56356	Indirect
2015-05-05	Common Stock	F	3711.0	$68.37	Disposed	52645	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-04	Non-Qualified Stock Option (right to buy)	$41.36	M	2000.0	Disposed	2019-04-23	Common Stock (2000)	Direct
2015-05-03	Restricted Stock Unit	$	A	48800.005	Acquired	2019-05-05	Common Stock (48800.005)	Direct
2015-05-05	Restricted Stock Unit	$	M	9760.001	Disposed	2019-05-05	Common Stock (9760.001)	Direct

Footnotes

F1: Securities held by Matthew Grob and Dawn Grob Trustees for the Matthew and Dawn Grob Trust dtd. 8/26/1999.

F2: The transaction was conducted under a Rule 10b5-1 trading plan.

F3: 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.

F4: Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and is converted into common stock upon vesting.

F5: These Restricted Stock Units were granted subject to performance vesting and service vesting requirements. On May 3, 2015, the Compensation Committee certified that the performance vesting conditions were satisfied.

F6: These Restricted Stock Units include an initial grant of 47,700 Restricted Stock Units, plus dividend equivalents accrued through the transaction date in the form of additional Restricted Stock Units that vest and are paid at the same time and in the same manner as the underlying Restricted Stock Units.

F7: The Restricted Stock Units (and allocable dividend equivalents)vest in equal one-fifth amounts on May 5, 2015, 2016, 2017, 2018 and 2019.

F8: Beneficial holdings reflected on this report do not include changes in the reporting person's holdings of securities resulting from participation in the issuer's qualified employee stock plan since the last filing of a report disclosing transactions related to such participation