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
Michael D. Lambert
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
3/2000
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, Enterprise Systems 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 |3/13/ |M | |30000 |A |$2.629 | |D | |
|2000 | | | | | | | | |
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Common Stock |3/13/ |S | |30000 |D |$54.00 | |D | |
|2000 | | | | | | | | |
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Common Stock |3/20/ |M | |30000 |A |$2.629 | |D | |
|2000 | | | | | | | | |
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Common Stock |3/20/ |S | |15000 |D |$58.4375 | |D | |
|2000 | | | | | | | | |
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Common Stock |3/20/ |S | |15000 |D |$58.50 |825009 1 |D | |
|2000 | | | | | | | | |
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Common Stock | | | | | | |1806 |I |Employer 401(k) Plan |
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<CAPTION>
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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|$2.629 |3/13/|M | |30000 |D |2 |10/21|Common Stock|30000 |N/A | |D | |
ions | | 2000| | | | | |/06 | | | | | | |
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Nonqualified Stock Opt|$2.629 |3/20/|S | |30000 |D |2 |10/21|Common Stock|30000 |N/A |1170000 |D | |
ions | | 2000| | | | | |/06 | | | | | | |
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Nonqualified Stock Opt|$9.26 | | | | | |3 |7/18/|Common Stock| | |240000 |D | |
ions | | | | | | | |07 | | | | | | |
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Nonqualified Stock Opt|$12.738 | | | | | |4 |3/20/|Common Stock| | |181852 |I |Family L.P. |
ions | | | | | | | |08 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |5 |7/17/|Common Stock| | |86520 |D | |
ions | | | | | | | |08 | | | | | | |
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Nonqualified Stock Opt|$44.6875| | | | | |6 |9/23/|Common Stock| | |78325 |D | |
ions | | | | | | | |09 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. Represents 185,009 shares held free of restrictions and 640,000 shares of
restricted stock scheduled to vest according to the following schedule: 160,000
shares on 10/21 of each year from 2000 through 2003.
2. Exercisable in accordance with the following schedule: 530,000 shares
currently exercisable and 320,000 shares on 10/21 of each year from 2000
through 2001.
3. Exercisable in accordance with the following schedule: 48,000 shares on
7/18 of each year from 1998 through 2002.
4. Currently exercisable.
5. Exercisable in accordance with the following schedule: 17,304 shares on
12/22 of each year from 2002 through 2006.
6. Exercisable according to the following schedule: 15,665 shares on 9/23 of
each year from 2000 through 2004.
