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 O. Hirschbiel, Jr.
717 Fifth Avenue, Suite 1100
NY, New York 10022
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
1/2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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>
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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 |1/4/ 2|M | |109000 |A |$0.38 | |D | |
|000 | | | | | | | | |
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Common Stock |1/4/ 2|S | |109000 |D |$47.5229 |343056 |D | |
|000 | | | | | | | | |
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Common Stock | | | | | | |1408 |I |By Deferred Comp Plan |
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Common Stock | | | | | | |23040 |I |By Trust |
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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|$0.292 | | | | | |1 |8/24/|Common Stock| | |288000 |D | |
ions | | | | | | | |03 | | | | | | |
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Nonqualified Stock Opt|$0.38 |1/4/ |M | |109000 |D |1 |8/24/|Common Stock|109000 |N/A |0 |D | |
ions | |2000 | | | | | |02 | | | | | | |
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Nonqualified Stock Opt|$0.535 | | | | | |2 |8/19/|Common Stock| | |230400 |D | |
ions | | | | | | | |04 | | | | | | |
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Nonqualified Stock Opt|$1.161 | | | | | |3 |8/24/|Common Stock| | |230400 |D | |
ions | | | | | | | |05 | | | | | | |
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Nonqualified Stock Opt|$2.072 | | | | | |4 |8/29/|Common Stock| | |384000 |D | |
ions | | | | | | | |06 | | | | | | |
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Nonqualified Stock Opt|$9.26 | | | | | |5 |7/18/|Common Stock| | |192000 |D | |
ions | | | | | | | |07 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |6 |7/17/|Common Stock| | |22492 |D | |
ions | | | | | | | |08 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
1. Currently exercisable.
2. Exercisable according to the following schedule: 76,800 shares on 8/19 of
each year from 1997 through 1999.
3. Exercisable in accordance with the following schedule: 76,800 shares on
8/24 of each year from 1998 through 2000.
4. Exercisable in accordance with the following schedule: 76,800 shares on
8/29 of each year from 1997 through 2001.
5. Exercisable in accordance with the following schedule: 38,400 shares on
7/18 of each year from 1998 through 2002.
6. Exercisable in accordance with the following schedule: 4,498 shares on 7/17
of each year from 1999 through 2002 and 4,500 shares on 7/17/03.
