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
Thomas B. Green
One Dell Way
TX, Round Rock 78682-2244
2. Issuer Name and Ticker or Trading Symbol
Dell Computer Corporation (DELL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
1/1999
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)
Senior Vice President, Legal and Administration
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 |1/5/ 1|M | |102400 |A |$1.963 | |D | |
|999 | | | | | | | | |
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Common Stock |1/5/ 1|S | |102400 |D |$75.0625 |363352 1 |D | |
|999 | | | | | | | | |
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Common Stock | | | | | | |8572 |I |Employer 401(k) plan |
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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>
Nonqualified Stock Opt|$1.069 | | | | | |2 |8/19/|Common Stock| | |89600 |D | |
ions | | | | | | | |04 | | | | | | |
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Nonqualified Stock Opt|$1.963 |1/5/ |M | |102400 |D |3 |7/24/|Common Stock|102400 |N/A |204800 |D | |
ions | |1999 | | | | | |05 | | | | | | |
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Nonqualified Stock Opt|$2.891 | | | | | |4 |7/11/|Common Stock| | |384000 |D | |
ions | | | | | | | |06 | | | | | | |
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Nonqualified Stock Opt|$18.52 | | | | | |5 |7/18/|Common Stock| | |120000 |D | |
ions | | | | | | | |07 | | | | | | |
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Nonqualified Stock Opt|$20.313 | | | | | |6 |12/22|Common Stock| | |100000 |D | |
ions | | | | | | | |/07 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
1. Represents 20,952 shares held free of restrictions and 342,400 restricted
such shares scheduled to vest in accordance with the following schedule: 114,
400 shares on 8/19 of each year from 1999 through 2000 and 113,600 on 8/19/01.
2. Exercisable on 8/19/99.
3. Exercisable in accordance with the following schedule: 102,400 shares on
7/24 of each year from 1999 through 2000.
4. Exercisable in accordance with the following schedule: 96,000 shares on
7/11 of each year from 1998 through 2001.
5. Exercisable in accordance with the following schedule: 24,000 shares on
7/18 of each year from 1998 through 2002.
6. Exercisable in accordance with the following schedule: 20,000 shares on
12/22 of each year from 1998 through 2002.
