4 1 edgar.txt FORM 4 - 07-01-2001 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 Klaus Luft Gut Keferloh 1 B , Grasbrunn bei Munich D-85630 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 7/2001 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 I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| Common Stock |7/2/ 2|M | |115200 |A |$9.26 | |D | | |001 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/2/ 2|S | |65200 |D |$26.95 | |D | | |001 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |7/2/ 2|S | |50000 |D |$26.97 |499200 |D | | |001 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 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)| | ___________________________________________________________________________________________________________________________________| Nonqualified Stock Opt|$2.072 | | | | | |1 |8/29/|Common Stock| | |76800 |D | | ions | | | | | | | |06 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opt|$9.26 |7/2/ |M | |115200 |D |2 |7/18/|Common Stock|115200 |N/A |76800 |D | | ions | |2001 | | | | | |07 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opt|$28.899 | | | | | |3 |7/17/|Common Stock| | |26096 |D | | ions | | | | | | | |08 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opt|$43.91 | | | | | |4 |7/16/|Common Stock| | |6284 |D | | ions | | | | | | | |09 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opt|$43.91 | | | | | |5 |7/16/|Common Stock| | |10000 |I |Family Trust| ions | | | | | | | |09 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opt|$52.1563| | | | | |6 |7/20/|Common Stock| | |18599 |D | | ions | | | | | | | |2010 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: 1. Exercisable on 8/29/00. 2. Exercisable in accordance with the following schedule: 38,400 shares on 7/18 of each year from 1991 through 2002. 3. Exercisable in accordance with the following schedule: 10,437 shares currently exercisable and 5,220 shares on 7/17/01 and 7/17/03, and 5,219 shares on 7/17/02. 4. Exercisable according to the following schedule: 1,256 shares on 7/16/00 and 1,257 shares on 7/16 of each year from 2001 through 2004. 5. Exercisable according to the following schedule: 2,000 shares on 7/16 of each year from 2000 through 2004. 6. Exercisable in accordance with the following schedule: 3,259 shares on 7/20 of 2001 and 2003 and 3,260 shares on 7/20 of 2002, 2004 and 2005.