UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Souders, William F.
c/o Xerox Corporation
100 First Stamford Place, Suite 402
Stamford, CT 06904-2340
USA
2. Issuer Name and Ticker or Trading Symbol
Tellabs, Inc.
TLAB
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
07/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |12,000(1) |D | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options (Rights |$39.875 |4/30/|A |V|6,000 |A |10/31|4/30/|Common Stock|6,000 | | | | |
to Buy) | |97 | | | | |/97 |02 | | | | | | |
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Stock Options (Rights |$2.4584 | | | | | | | |Common Stock|12,000 | | | | |
to Buy) (2) | | | | | | | | | | | | | | |
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Stock Options (Rights |$7.9688 | | | | | | | |Common Stock|12,000 | | | | |
to Buy) (2) | | | | | | | | | | | | | | |
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Stock Options (Rights |$17.00 | | | | | | | |Common Stock|12,000 | | | | |
to Buy) (2) | | | | | | | | | | | | | | |
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Stock Options (Rights |$27.625 | | | | | | | |Common Stock|12,000 | |54,000 (1) |D | |
to Buy) (2) | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) End of period holdings have been adjusted to reflect the effect of the
2-for-1 stock split effective November
15,
1996.
(2) These stock options were previously reported as options for 6,000 shares
each at per share exercise
prices of $4.9167, $15.9375, $34.00 and $55.25, respectively, and have been
adjusted to reflect the effect of
the 2-for-1 stock split effective November 15,
1996.
SIGNATURE OF REPORTING PERSON
/s/ William F. Souders
DATE
July 17, 1997