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
Scull, Harvey R.
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
February, 1998
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)
Vice President, Advanced Business Development, Tellabs Operations, Inc.
(Subsidiary of Issuer)
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>
<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 |
| | | | 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 |2/2/98|M | |21,500 |A |$1.2084 | | | |
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Common Stock |2/25/9|M | |15,000 |A |$1.3750 | | | |
|8 | | | | | | | | |
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Common Stock |2/25/9|S | |15,000 |D |$60.0000 |45,185 |D | |
|8 | | | | | | | | |
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Common Stock | | | | | | |208 |I |(1) |
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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 | | | 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>
Employee Stock Options|$1.2084 |2/2/9|M | |21,500 |D |(2) |6/17/|Common Stock|21,500 | | | | |
(Rights to Buy) | |8 | | | | | |98 | | | | | | |
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Employee Stock Options|$1.3750 |2/25/|M | |15,000 |D |(2) |11/19|Common Stock|15,000 | |146,000 |D | |
(Rights to Buy) | |98 | | | | | |/01 | | | | | | |
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| | | | | | | | | | | | | | |
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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. Holdings reported
herein are based on information as of February 16, 1998 and reflect shares
acquired by the Tellabs Advantage Plan
on behalf of the reporting person between January 1, 1997 and February 16,
1998.
(2) All options become exercisable in cumulative annual installments on each
of the 1st, 2nd, 3rd and 4th
anniversaries of the grant
date.
SIGNATURE OF REPORTING PERSON
/s/ Harvey R. Scull
DATE
March 10, 1998