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)
MUBARAK, FARES
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)
Vice President of Engineering
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
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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 12/02/98 M 547 A $10.6250 D Direct
Common Stock 12/02/98 S 547 D $17.9375 D Direct
Common Stock 12/02/98 M 781 A $10.6250 D Direct
Common Stock 12/02/98 S 781 D $17.9375 D Direct
Common Stock 12/02/98 M 469 A $7.6300 D Direct
Common Stock 12/02/98 S 469 D $17.9375 D Direct
Common Stock 12/02/98 M 1,200 A $7.6300 D Direct
Common Stock 12/02/98 S 1,200 D $17.9375 D Direct
Common Stock 12/02/98 S 2,451 D $17.6250 D Direct
Common Stock 12/04/98 M 11,404 A $11.1250 D Direct
Common Stock 12/04/98 S 11,404 D $19.6260 D Direct
Common Stock 12/04/98 M 1,193 A $11.1250 D Direct
Common Stock 12/04/98 S 1,193 D $19.6260 0 D Direct
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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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 $7.6300 12/02/98 M 469 (1) 07/26/04
to buy)
Incentive Stock Option (right $7.6300 12/02/98 M 1,200 (1) 07/26/04
to buy)
Incentive Stock Option (right $10.0625 07/28/98 A V 9,937 08/01/02 (2) 07/28/08
to buy)
Incentive Stock Option (right $10.6250 12/02/98 M 547 (3) 01/05/06
to buy)
Incentive Stock Option (right $10.6250 12/02/98 M 781 (3) 01/05/06
to buy)
Incentive Stock Option (right $11.1250 01/09/98 A V 1,379 01/09/08
to buy)
Incentive Stock Option (right $11.1250 12/04/98 M 1,193 01/09/08
to buy)
Incentive Stock Option (right $14.8750 07/17/06
to buy)
Incentive Stock Option (right $15.0000 05/01/96 03/01/06
to buy)
Incentive Stock Option (right $16.3750 08/01/01 07/03/07
to buy)
Incentive Stock Option (right $22.3750 12/20/06
to buy)
Non-Qualified Stock Option $10.0625 07/28/98 A V 15,063 08/01/02 (2) 07/28/08
(right to buy)
Non-Qualified Stock Option $10.0625 07/28/98 A V 18,679 12/31/99 (4) 07/28/08
(right to buy)
Non-Qualified Stock Option $11.1250 01/09/98 A V 44,921 01/09/08
(right to buy)
Non-Qualified Stock Option $11.1250 12/04/98 M 11,404 01/09/08
(right to buy)
Non-Qualified Stock Option $11.8750 01/23/98 A V 25,024 01/23/08
(right to buy)
Non-Qualified Stock Option $16.3750 08/01/01 07/03/07
(right to buy)
Non-Qualified Stock Option $22.3750 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 12/02/98 Common Stock 469 $17.9375 D Direct
to buy)
Incentive Stock Option (right 12/02/98 Common Stock 1,200 $17.9375 0 D Direct
to buy)
Incentive Stock Option (right 07/28/98 Common Stock 9,937 9,937 D Direct
to buy)
Incentive Stock Option (right 12/02/98 Common Stock 547 $19.6260 D Direct
to buy)
Incentive Stock Option (right 12/02/98 Common Stock 781 $17.9375 3,079 D Direct
to buy)
Incentive Stock Option (right 01/09/98 Common Stock 1,379 D Direct
to buy)
Incentive Stock Option (right 12/04/98 Common Stock 1,193 $19.6260 186 D Direct
to buy)
Incentive Stock Option (right Common Stock 12,600 12,600 D Direct
to buy)
Incentive Stock Option (right Common Stock 2,000 2,000 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,679 5,679 D Direct
to buy)
Incentive Stock Option (right Common Stock 4,079 4,079 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 18,679 33,742 D Direct
(right to buy)
Non-Qualified Stock Option 01/09/98 Common Stock 44,921 D Direct
(right to buy)
Non-Qualified Stock Option 12/04/98 Common Stock 11,404 $17.8750 33,517 D Direct
(right to buy)
Non-Qualified Stock Option 01/23/98 Common Stock 25,024 25,024 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 2,321 2,321 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 921 921 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Option for 1,200 shares becomes 100% exercisable on 8/1/98. Option for 469 shares vests and is exercisable as to 281 shares on
8/1/97, and 47 shares each on 11/1/97, 2/1/98, 5/1/98 and 8/1/98.
(2)
Option becomes 100% exercisable on 8/1/2002
(3)
Option for 2,500 shares becomes 100% exercisable on 8/1/99. Option for 1,250 shares is exercisable at 12.5% per quarter with
vesting commencing on 8/1/97. Option for 657 shares is exercisable as to 109 shares per quarter with vesting commencing on 8/1/97.
(4)
Option begins vesting 12/31/98 and is exercisable quarterly as to 6,250 shares in 1999 and 2000, and 6,179 shares in 2001.
- -
Includes shares acquired pursuant to the 1993 Employee Stock Purchase Plan
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ MUBARAK, FARES
DATE 01/08/99