QUALCOMM INC/DE — Director's Dealing 2017

May 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUALCOMM INC/DE (QCOM)
CIK: 0000804328
Period of Report: 2017-05-20

Reporting Person: STERLING MICHELLE M (EVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-20	Common Stock	M	1758	$0.0	Acquired	4934	Indirect
2017-05-20	Common Stock	M	1980	$0.0	Acquired	6914	Indirect
2017-05-20	Common Stock	F	661	$57.67	Disposed	6253	Indirect
2017-05-20	Common Stock	F	744	$57.67	Disposed	5509	Indirect
2017-05-22	Common Stock	S	5509	$59.1131	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-20	Restricted Stock Unit	$	M	1758.3236	Disposed	2017-05-20	Common Stock (1758.3236)	Direct
2017-05-20	Restricted Stock Unit	$	M	1980.6255	Disposed	2018-05-20	Common Stock (1980.6255)	Direct

Footnotes

F1: Includes 202 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2017.

F2: Securities held by Michelle Marie Sterling, TTEE of the Michelle Marie Sterling Trust DTD 11/26/2008.

F3: The transaction was conducted under a Rule 10b5-1 trading plan.

F4: The sale prices for this transaction ranged from $58.41 to $59.32. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

F5: Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and is converted into common stock upon vesting.

F6: The Restricted Stock Units (and allocable dividend equivalents) vest in equal one-third amounts on May 20, 2015, 2016 and 2017.

F7: The Restricted Stock Units (and allocable dividend equivalents) vest in equal one-third amounts on May 20, 2016, 2017 and 2018.