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
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
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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 | | | | | | |8,000 (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 |$54.7032|4/30/|A |V|12,000 |A |10/30|4/30/|Common Stock|12,000 | | | | |
to Buy) (2) | |99 | | | | |/99 |04 | | | | | | |
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Stock Options (Rights |$8.5000 | | | | | | | |Common Stock|24,000 | | | | |
to Buy) (3) | | | | | | | | | | | | | | |
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Stock Options (Rights |$13.8125| | | | | | | |Common Stock|24,000 | | | | |
to Buy) (3) | | | | | | | | | | | | | | |
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Stock Options (Rights |$19.9375| | | | | | | |Common Stock|12,000 | | | | |
to Buy) (3) | | | | | | | | | | | | | | |
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Stock Options (Rights |$35.4375| | | | | | | |Common Stock|12,000 | |84,000 (1) |D | |
to Buy) (3) | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) The end of period holdings have been modified to reflect the effect of the
2-for-1 stock split effective May 17, 1999.
(2) 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
2-for-1 stock split effective May 17,
1999.
(3) These stock options were previously reported as options for 12,000, 12,000,
6,000 and 6,000 shares, respectively, at per share prices of $17.00,
$27.625, $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/ William F. Souders
