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.
1. Name and Address of Reporting Person(s)
PERRET HENRY L.
955 East Arques Avenue
Sunnyvale, CA 94086-4533
2. Issuer Name and Ticker or Trading Symbol
ACTEL CORPORATION (ACTL)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
12/98
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)
V.P. of Finance & CFO
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>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 12/01/98 M 6,120 A $11.7500 D Direct
Common Stock 12/01/98 S 6,120 D $17.8750 D Direct
Common Stock 12/01/98 M 1,262 A $11.7500 D Direct
Common Stock 12/01/98 S 1,262 D $17.8750 4,284 D Direct
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $10.0625 07/28/98 A V 9,937 08/01/02 (1) 07/28/08
to buy)
Incentive Stock Option (right $10.0625 07/28/98 A V 773 (2) 07/28/08
to buy)
Incentive Stock Option (right $11.7500 01/26/98 A V 3,366 (3) 01/26/08
to buy)
Incentive Stock Option (right $11.7500 12/01/98 M 1,262 01/26/08
to buy)
Incentive Stock Option (right $12.2500 01/19/97 01/19/06
to buy)
Incentive Stock Option (right $13.3750 11/17/01 12/05/07
to buy)
Incentive Stock Option (right $14.8750 08/01/00 07/17/06
to buy)
Incentive Stock Option (right $16.3750 01/26/98 D V 3,366 03/23/98 07/03/07
to buy)
Incentive Stock Option (right $22.3750 02/01/98 12/20/06
to buy)
Non-Qualified Stock Option $10.0625 07/28/98 A V 15,063 08/01/02 (1) 07/28/08
(right to buy)
Non-Qualified Stock Option $10.0625 07/28/98 A V 22,069 (4) 07/28/08
(right to buy)
Non-Qualified Stock Option $11.7500 01/26/98 A V 22,884 (5) 01/26/08
(right to buy)
Non-Qualified Stock Option $11.7500 12/01/98 M 6,120 01/26/08
(right to buy)
Non-Qualified Stock Option $11.8750 01/23/98 A V 18,906 01/23/08
(right to buy)
Non-Qualified Stock Option $12.2500 10/19/97 01/19/06
(right to buy)
Non-Qualified Stock Option $13.3750 02/17/98 12/05/07
(right to buy)
Non-Qualified Stock Option $14.8750 08/01/00 07/17/06
(right to buy)
Non-Qualified Stock Option $16.3750 01/26/98 D V 22,884 09/23/97 07/03/07
(right to buy)
Non-Qualified Stock Option $22.3750 05/01/97 12/20/06
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 07/28/98 Common Stock 9,937 D Direct
to buy)
Incentive Stock Option (right 07/28/98 Common Stock 773 10,710 D Direct
to buy)
Incentive Stock Option (right 01/26/98 Common Stock 3,366 D Direct
to buy)
Incentive Stock Option (right 12/01/98 Common Stock 1,262 $17.8750 2,104 D Direct
to buy)
Incentive Stock Option (right Common Stock 19,413 19,413 D Direct
to buy)
Incentive Stock Option (right Common Stock 1 1 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,693 5,693 D Direct
to buy)
Incentive Stock Option (right 01/26/98 Common Stock 3,366 6,106 D Direct
to buy)
Incentive Stock Option (right Common Stock 1,000 1,000 D Direct
to buy)
Non-Qualified Stock Option 07/28/98 Common Stock 15,063 D Direct
(right to buy)
Non-Qualified Stock Option 07/28/98 Common Stock 22,069 37,132 D Direct
(right to buy)
Non-Qualified Stock Option 01/26/98 Common Stock 22,884 D Direct
(right to buy)
Non-Qualified Stock Option 12/01/98 Common Stock 6,120 $19.1085 16,764 D Direct
(right to buy)
Non-Qualified Stock Option 01/23/98 Common Stock 18,906 18,906 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 587 587 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 9,999 9,999 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 307 307 D Direct
(right to buy)
Non-Qualified Stock Option 01/26/98 Common Stock 22,884 8,769 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 1,000 1,000 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Option becomes 100% exercisable on 8/1/2002
(2)
Option begins vesting 12/31/98 and is exercisable quarterly through 12/31/99.
(3)
Option begins vesting 1/26/98 and is exercisable quarterly as to 1,683 shares in 1998 and in 1999.
(4)
Option begins vesting 12/31/98 and is exercisable quarterly as to 9,664 shares in 1999, 8,188 shares in 2000, and 4,217 shares in
2001.
(5)
Option begins vesting 1/26/98 and is exercisable quarterly as to 8,160 shares in 1998, 4,880 shares in 1999, 6,562 shares in 2000
and the remaining 3,282 shares in 2001.
- -
Includes shares acquired pursuant to the 1993 Employee Stock Purchase Plan
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ PERRET HENRY L.
DATE 01/08/99