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
Paul D. Bell
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
12/1999
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, Home and Small Business Group
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 |12/17/|M | |74000 |A |$1.487 | |D | |
| 1999 | | | | | | | | |
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Common Stock |12/17/|S | |74000 |D |$47.00 |0 |D | |
| 1999 | | | | | | | | |
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Common Stock | | | | | | |2988 |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|$1.487 |12/17|M | |74000 |D |1 |6/27/|Common Stock|74000 |N/A |448000 |D | |
ions | |/ 199| | | | | |06 | | | | | | |
| |9 | | | | | | | | | | | | |
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Nonqualified Stock Opt|$3.071 | | | | | |2 |11/22|Common Stock| | |96000 |D | |
ions | | | | | | | |/06 | | | | | | |
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Nonqualified Stock Opt|$9.26 | | | | | |3 |7/18/|Common Stock| | |147200 |D | |
ions | | | | | | | |07 | | | | | | |
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Nonqualified Stock Opt|$12.738 | | | | | |4 |3/20/|Common Stock| | |101996 |D | |
ions | | | | | | | |08 | | | | | | |
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Nonqualified Stock Opt|$16.672 | | | | | |5 |3/5/0|Common Stock| | |59984 |D | |
ions | | | | | | | |8 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |6 |7/17/|Common Stock| | |346060 |D | |
ions | | | | | | | |08 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. Exercisable in accordance with the following schedule: 224,000 shares on
7/29 of each year from 2000 through 2001.
2. Exercisable in accordance with the following schedule: 32,000 shares on
11/22 of each year from 1999 through 2001.
3. Exercisable in accordance with the following schedule: 36,800 shares on
7/18 of each year from 1999 through 2002.
4. Currently exercisable.
5. Exercisable in accordance with the following schedule: 11,996 shares on
3/5/99, 3/5/00 and 3/5/02 and 11,998 on 3/5/01 and 3/5/03.
6. Exercisable in accordance with the following schedule: 22,840 shares on
7/17/99 and 7/17/00 , 69,212 shares on 7/17/01, 7/17/02 and 7/17/03 and 46,372
shares on 7/17/04 and 7/17/05.
