UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Pullen, Robert W.
c/o Tellabs
4951 Indiana Avenue
Lisle, IL 60532
USA
2. Date of Event Requiring Statement (Month/Day/Year)
5/1/00
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Tellabs, Inc.
TLAB
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President and General Manager
6. If Amendment, Date of Original (Month/Day/Year)
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>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
Common Stock |2880 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Options (|(1) |11/19/01 |Common Stock |60,000 |$0.6875 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |11/29/03 |Common Stock |64,000 |$2.5000 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |5/30/05 |Common Stock |20,000 |$8.3750 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |7/22/06 |Common Stock |20,000 |$14.3125 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |10/24/07 |Common Stock |16,000 |$25.2500 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |10/8/08 |Common Stock |20,000 |$17.1250 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Options (|(1) |2/24/10 |Common Stock |15,000 |$51.6875 |D | |
Rights to Buy) | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) All options are exercisable in cumulative annual installments of 25% on
each of the 1st, 2nd, 3rd and 4th
anniversaries of the grant
date.
SIGNATURE OF REPORTING PERSON
/s/ Robert W. Pullen
DATE
May 11, 2000