UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
SMITH II ROBERT J.
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
01/99
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-PRES. OF SOFTWARE
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 Amount D Price End of Year I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 2,869 D Direct
<CAPTION>
Table II (PART 1) Derivative Securitites 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 A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $10.0625 07/28/98 A 9,937 08/01/02 (1) 07/28/08
to buy)
Incentive Stock Option (right $11.1250 01/09/98 A 3 11/17/99 (2) 01/09/08
to buy)
Incentive Stock Option (right $11.7500 01/26/98 A 18,887 (3) 01/26/08
to buy)
Incentive Stock Option (right $16.3750 08/01/01 07/03/07
to buy)
Incentive Stock Option (right $21.1250 01/26/98 D 18,887 03/24/98 04/04/07
to buy)
Non-Qualified Stock Option $10.0625 07/28/98 A 15,063 08/01/02 (1) 07/28/08
(right to buy)
Non-Qualified Stock Option $11.1250 01/09/98 A 19,997 (4) 01/09/08
(right to buy)
Non-Qualified Stock Option $11.7500 01/26/98 A 56,113 (5) 01/26/08
(right to buy)
Non-Qualified Stock Option $11.8750 01/23/98 A 25,000 (6) 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 $21.1250 01/26/98 D 56,113 03/24/98 04/04/07
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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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 Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 07/28/98 Common Stock 9,937 9,937 D Direct
to buy)
Incentive Stock Option (right 01/09/98 Common Stock 3 3 D Direct
to buy)
Incentive Stock Option (right 01/26/98 Common Stock 18,887 18,887 D Direct
to buy)
Incentive Stock Option (right Common Stock 58 58 D Direct
to buy)
Incentive Stock Option (right 01/26/98 Common Stock 18,887 0 D Direct
to buy)
Non-Qualified Stock Option 07/28/98 Common Stock 15,063 15,063 D Direct
(right to buy)
Non-Qualified Stock Option 01/09/98 Common Stock 19,997 19,997 D Direct
(right to buy)
Non-Qualified Stock Option 01/26/98 Common Stock 56,113 56,113 D Direct
(right to buy)
Non-Qualified Stock Option 01/23/98 Common Stock 25,000 25,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 15,942 15,942 D Direct
(right to buy)
Non-Qualified Stock Option 01/26/98 Common Stock 56,113 0 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Option becomes 100% exercisable on 8/1/2002.
(2)
Option becomes exercisable as to 1 share each on 11/17/99, 11/17/2000 and 11/17/2001.
(3)
Option begins vesting on 1/26/98 and is exercisable quarterly as to 4,733 shares in each 1998, 1999 and 2000, and 4,688 in 2001.
(4)
Option begins vesting on 11/17/98 and is exercisable quarterly as to 6,999 shares each in 1999 and 2000, and 5,999 shares in 2001.
(5)
Option begins vesting on 1/26/98 and is exercisable quarterly as to 28,079 shares in 1998, and 14,017 shares each in 1999 and 2000.
(6)
Vests and is exercisable 100% six months following a 'change of control' of the company.
- -
Includes shares acquired pursuant to the 1993 Employee Stock Purchase Plan
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ SMITH II ROBERT J.
DATE