SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Esparza Andrew c

(Last)

(First)

(Middle)

ONE DELL WAY

(Street)

ROUND ROCK

78682

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/06/2007

3. Issuer Name and Ticker or Trading Symbol
DELL INC [ DELL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	86,975⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Options	⁽²⁾	03/26/2009	Common Stock	19,011	$30.43	D
Nonqualified Stock Options	⁽²⁾	09/23/2009	Common Stock	68,045	$44.6875	D
Nonqualified Stock Options	⁽²⁾	03/03/2010	Common Stock	65,307	$45.9375	D
Nonqualified Stock Options	⁽²⁾	03/24/2010	Common Stock	9,861	$45.9	D
Nonqualified Stock Options	⁽²⁾	08/22/2010	Common Stock	109,730	$37.5938	D
Nonqualified Stock Options	⁽²⁾	06/18/2011	Common Stock	20,000	$24.09	D
Nonqualified Stock Options	⁽²⁾	03/07/2012	Common Stock	13,658	$27.64	D
Nonqualified Stock Options	⁽²⁾	09/05/2012	Common Stock	23,106	$25.45	D
Nonqualified Stock Options	⁽³⁾	03/06/2013	Common Stock	22,458	$26.185	D
Nonqualified Stock Options	⁽²⁾	09/04/2013	Common Stock	24,045	$34.24	D
Nonqualified Stock Options	⁽²⁾	09/02/2014	Common Stock	30,565	$35.35	D
Nonqualified Stock Options	⁽²⁾	03/04/2014	Common Stock	28,080	$32.985	D
Nonqualified Stock Options	⁽²⁾	03/03/2015	Common Stock	53,800	$40.17	D
Nonqualified Stock Options	⁽⁴⁾	03/08/2017	Common Stock	156,153	$22.275	D

Explanation of Responses:

1. Represents 2,184 shares held unrestricted and 84,791 restricted stock units lapsing as follows: 10,754 on 2/8 of 2008 and 2009, 2,091 units on 3/3 of 2009 through 2012, 2,955 units on 3/9 of 2008 through 2011 and 43,099 units on 3/29/2010.

2. Currently exercisable.

3. Exercisable as follows: 14,972 shares currently exercisable and 7,486 vesting on 3/6/2008.

4. Exercisable as follows: 52,051 shares on 3/8 of 2008 through 2010.

Remarks:

	/s/ Thomas H. Welch, Jr., Attorney-in-Fact	09/12/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.