UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Johnson, James P.
C/O TELLABS OPERATIONS, INC.
4951 Indiana Avenue
Lisle, IL 60532
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
December 27, 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
V. P., Finance & Treasury, Asst. Sec. & Controller, Tellabs Operations, Inc.
(Subsidiary of Issuer)
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock |(1) |T |19.063 |A |(1) |219.423 (2) |I |(1) |
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| | | | | |120 (2) |D | |
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<CAPTION>
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Options |$ 1.5209| | | | | | |Common Stock|15,000 | | | | |
(Rights to Buy) (3) | | | | | | | | | | | | | |
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Employee Stock Options |$ 1.5313| | | | | | |Common Stock|32,700 | | | | |
(Rights to Buy) (3) | | | | | | | | | | | | | |
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Employee Stock Options |$ 5.000| | | | | | |Common Stock|40,000 | | | | |
(Rights to Buy) (3) |0 | | | | | | | | | | | | |
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Employee Stock Options |$ 16.687| | | | | | |Common Stock|15,000 | | | | |
(Rights to Buy) (3) |5 | | | | | | | | | | | | |
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Employee Stock Options |$ 28.625| | | | | | |Common Stock|20,000 | |122,700 (2) |D | |
(Rights to Buy) (3) |0 | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) These shares are held for the benefit of the reporting person in the
Tellabs Advantage Plan. 19.063 shares
were acquired during the fiscal year at prices ranging from $15.25 (post-split)
to $45.25 (post-split). The
information reported herein is based on a plan statement as of December 27,
1996.
(2) These holdings have been modified to reflect the effect of the 2-for-1
stock split effective November 15, 1996.
(3) These stock options were previously reported as options for 7,500, 16,350,
20,000, 7,500, and 10,000 shares
respectively, at per share exercise prices of $3.0417, $3.0625, $10.0000,
$33.3750, and $57.2500, respectively,
each as adjusted for all prior stock splits and other transactions and have
been further adjusted to reflect the
2-for-1 stock split effective November 15,
1996.
SIGNATURE OF REPORTING PERSON
/s/ James Peter Johnson
