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---------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
|F O R M 4| Washington, D.C. 20549 | OMB APPROVAL |
---------------- |-------------------------|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287|
[ ] Check this box if |Expires: December 31,2001|
no longer Subject Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |Estimated ave. burden |
to Section 16. Section 17(a) of the Public Utility Holding Company Act of 1935 or |hours per response....0.5|
Section 30(f) of the Investment Company Act 1940 ----------------------------
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|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
|Enloe, III Robert T |Compaq Computer Corporation (CPQ) | |
| | | X Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Officer Other |
| | of Reporting Person | Year |---(give title below) ---(Specify below)|
| 20555 SH 249 | (Voluntary) | | |
| M/C 110701 | | May 2000 | |
| | | | Director |
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Filing |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | | |
|Houston TX 77070 | | | X Form filed by One Reporting Person |
| | | |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| | |---------|-------------------------------| Owned at End of|(D) | (Instr. 4) |
| | | | | |(A) | | Month |or | |
| | |Code| V | Amount |(D) | Price | (Instr. 3 & 4) |(I) | |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|Common Stock | 05/10/2000 | M | | 30,000 | A |$ 4.0700 | | D | |
| | | | | | | | | | |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
|Common Stock (01) | 05/10/2000 | S | | 30,000 | D |$25.0052 | 10,000 | D | |
| | | | | | | | | | |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
|Common Stock | 05/10/2000 | M | | 30,000 | A |$ 4.0700 | | I |Family Limit- |
| | | | | | | | | |ed Partner- |
| | | | | | | | | |ship |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
|Common Stock (01) | 05/10/2000 | S | | 30,000 | D |$25.0052 | 0 | I |Family Limit- |
| | | | | | | | | |ed Partner- |
| | | | | | | | | |ship |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | 5,000 | I |IRA |
| | | | | | | | | | |
| | | | | | | | | | |
|-------------------------------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | | |
| | | | | | | | | | |
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Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 1474 (7-96)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
PAGE: 1 OF 2
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FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Month |or | |
| | | |---------|---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | |Code| V | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|Stock |$30.0000 |4/27/| A | | 12,500 | |4/27/|4/26/| Common | 12,500 | | 12,500 | I |Family |
|Option | |2000 | | | | |2001 |2010 | Stock | | | | |Limited |
|(Right to | | | | | | |(02) | | | | | | |Partner- |
|buy) | | | | | | | | | | | | | |ship |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock |$15.0000 |4/27/| A | | 1,833 | |4/27/|4/26/| Common | 1,833 | | 1,833 | I |Family |
|Option | |2000 | | | | |2001 |2010 | Stock | | | | |Limited |
|(Right to | | | | | | |(03) | | | | | | |Partner- |
|buy) | | | | | | | | | | | | | |ship |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock |$30.0000 |4/27/| A | | 12,500 | |4/27/|4/26/| Common | 12,500 | | 12,500 | D | |
|Option | |2000 | | | | |2001 |2010 | Stock | | | | | |
|(Right to | | | | | | |(02) | | | | | | | |
|buy) | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock |$15.0000 |4/27/| A | | 1,833 | |4/27/|4/26/| Common | 1,833 | | 1,833 | D | |
|Option | |2000 | | | | |2001 |2010 | Stock | | | | | |
|(Right to | | | | | | |(03) | | | | | | | |
|buy) | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock |$ 4.0700 |5/10/| M | | | 30,000 |5/24/|5/23/| Common | 30,000 | | 0 | D | |
|Option | |2000 | | | | |1991 |2000 | Stock | | | | | |
|(Right to | | | | | | |(02) | | | | | | | |
|buy) | | | | | | | | | | | | | | |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock |$ 4.0700 |5/10/| M | | | 30,000 |5/24/|5/23/| Common | 30,000 | | 0 | I |Family |
|Option | |2000 | | | | |1991 |2000 | Stock | | | | |Limited |
|(Right to | | | | | | |(02) | | | | | | |Partner- |
|buy) | | | | | | | | | | | | | |ship |
|----------|---------|-----|----|----|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
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Explanation of Responses:
(01) The reporting person is subject to the issuer's policy that restricts
trading in the issuer's stock to a limited period following the
issuer's earnings release for the preceeding fiscal period.
(02) Grant is 50% exerciseable one year from date of grant and remaining
50% exerciseable two years from date of grant.
(03) Grant is 100% exerciseable one year from date of grant.
**Intentional misstatements or omissions of facts constitute Federal /s/ Robert Ted Enloe, III 06/06/00
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------------------ ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (7-96)
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number
Enloe, III, Robert Compaq Computer Corporation MAY-2000 PAGE: 2 OF 2
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