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
Foulkes, John D.
1256 S. Halsey Drive
Coupeville, WA 98239
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
May, 1999
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>
<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 |5/10/9|J |V|1,500 |D (| |3,000 (2) |I |By Trust |
|9 | | | |1) | | | | |
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Common Stock | | | | | | |24,000 (2) |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 |$54.7032|4/30/|A |V|12,000 |A |10/30|4/30/|Common Stock|12,000 | | | | |
to Buy) (3) | |99 | | | | |/99 |04 | | | | | | |
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Stock Options (Rights |$19.9375| | | | | | | |Common Stock|12,000 | | | | |
to Buy) (4) | | | | | | | | | | | | | | |
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Stock Options (Rights |$35.4375| | | | | | | |Common Stock|12,000 | |36,000 (2) |D | |
to Buy) (4) | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) To reflect resignation of reporting person as trustee of trust for the
benefit of reporting person's minor
grandchild prior to 2-for-1 stock
split.
(2) End of period holdings have been adjusted to reflect the effect of the
2-for-1 stock split effective May 17,
1999.
(3) These stock options, originally granted as options for 6,000 shares at a
per share exercise price of
$109.4063, have been adjusted to reflect the effect of the 2-for-1 stock split
effective May 17, 1999.
(4) These stock options were previously reported as options for 6,000 and 6,000
shares, respectively, at per
share prices of $39.875 and $70.875, 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 May 17, 1999.
SIGNATURE OF REPORTING PERSON
/s/ John D. Foulkes
