4 1 edgar.txt FORM 4 - 03-06-2003 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 Jeffrey W. Clarke One Dell Way TX, Round Rock 78682-2244 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/Day/Year 3/6/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Senior Vice President and General Manager Product Group 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. |2A. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | |Trans-|Exec- |Trans | or Disposed of (D) | Securities |ect | Beneficial Ownership | |action|ution |action| | Beneficially |(D)or | | | | | | | | A/| | Owned Following |Indir | | |Date | Date |Code|V| Amount | D | Price | Reported Trans(s)|ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock 1 |3/6/ 2|3/6/ 2|A | |50000.000 |A | |78808.000 |D | | |003 |003 |2 | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | | |474.000 |I |Employer 401(k) | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________| Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of |2.Con- |3. |3A. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Derivative |version |Trans- |Deemed|Trans-| rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | Security |or Exer |action | |action| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | |Execu-| | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| |ution | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | | |Date |Expir| | |ficially |Ind| | |tive | | | | | A/|Exer-|ation| Title and Number | |Owned Follow|ire| | |Secu- |(Month/|(Month| | | | D |cisa-|Date | of Shares | |ing Reported|ct | | |rity |Day/ |/Day/ |Code|V| Amount | |ble | | | |Trans- |(I)| | | |Year) |Year) | | | | | | | | |action(s) | | | ___________________________________________________________________________________________________________________________________| Nonqualified |$25.45 | | | | | | |3 |9/5/2|Common Stock| | |100000.000 |D | | Stock Options| | | | | | | | |012 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$27.64 | | | | | | |4 |3/7/2|Common Stock| | |100000.000 |D | | Stock Options| | | | | | | | |012 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$11.025 | | | | | | |5 |9/12/|Common Stock| | |56000.000 |D | | Stock Options| | | | | | | | |2007 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$12.738 | | | | | | |5 |3/20/|Common Stock| | |88712.000 |D | | Stock Options| | | | | | | | |2008 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$26.185 |3/6/ 20|3/6/ 2|A | |450000.000 |A |6 |3/6/2|Common Stock|450000.| |450000.000 |D | | Stock Options| |03 |003 | | | | | |013 | |000 | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$21.72 | | | | | | |7 |3/23/|Common Stock| | |26335.000 |D | | Stock Option | | | | | | | | |2011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$24.09 | | | | | | |8 |6/18/|Common Stock| | |350000.000 |D | | Stock Option | | | | | | | | |2011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$22.94 | | | | | | |9 |2/12/|Common Stock| | |59005.000 |D | | Stock Options| | | | | | | | |2011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$22.10 | | | | | | |10 |9/6/2|Common Stock| | |100000.000 |D | | Stock Options| | | | | | | | |011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$28.899 | | | | | | |11 |7/17/|Common Stock| | |42580.000 |D | | Stock Options| | | | | | | | |2008 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$37.5938| | | | | | |12 |8/22/|Common Stock| | |79650.000 |D | | Stock Option | | | | | | | | |2010 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$30.43 | | | | | | |5 |3/26/|Common Stock| | |29799.000 |D | | Stock Options| | | | | | | | |2009 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$37.5938| | | | | | |13 |8/22/|Common Stock| | |79650.000 |D | | Stock Options| | | | | | | | |2010 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$44.6875| | | | | | |14 |9/23/|Common Stock| | |44300.000 |D | | Stock Options| | | | | | | | |2009 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$45.90 | | | | | | |5 |3/24/|Common Stock| | |14970.000 |D | | Stock Options| | | | | | | | |2010 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Call Options |$35 |2/21/ 2|3/21/ |E | |318.000 |D | |2/21/|Common Stock|31800.0| |0.000 |D | | (Obligation t| |003 |2003 | | | | | |03 | |00 | | | | | o Sell) | | | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Call Options |$30 | | | | | | |5 |5/16/|Common Stock| | |160.000 |D | | (Obligation t| | | | | | | | |03 | | | | | | | o Sell) | | | | | | | | | | | | | | | | 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Explanation of Responses: 1. Represents 21,308 shares held free of restrictions and 57,500 shares of restricted stock scheduled to vest according to the following schedule: 2,500 shares on 8/31 each year from 2003 through 2005 and 10,000 shares on 3/6 of each year from 2004 throu gh 2008. 2. Restricted stock scheduled to vest as follows: 10,000 shares on 3/6 each year from 2004 through 2008. 3. Exercisable according to the following schedule: 20,000 shares on 9/5 of each year from 2003 through 2007. 4. Exercisable according to the following schedule: 20,000 shares on 3/7 of each year from 2003 through 2007. 5. Currently exercisable. 6. Exercisable according to the following schedule: 90,000 shares on 3/6 of each year from 2004 through 2008. 7. Exercisable according to the following schedule: 13,167 shares currently exercisable and 13,168 shares on 3/23/03. 8. Exercisable according to the following schedule: 70,000 shares currently exercisable and 70,000 shares on 6/18 of each year from 2003 through 2006. 9. Exercisable according to the following schedule: 23,602 shares currently exercisable and 11,801 shares on 2/12 each year from 2004 through 2006. 10. Exercisable according to the following schedule: 20,000 shares currently exercisable and 20,000 shares on 9/6 of each year from 2003 through 2006. 11. Exercisable according to the following schedule: 17,032 shares currently exercisable and 8,516 shares on 7/17 each year from 2003 through 2005. 12. Exercisable according to the following schedule: 15,930 shares on 8/22 each year from 2003 through 2007. 13. Exercisable according to the following schedule: 31,860 shares currently exercisable and 15,930 shares on 8/22 each year from 2003 through 2005. 14. Exercisable according to the following schedule: 26,580 shares currently exercisable and 8,860 shares on 9/23/03 and 9/23/04. SIGNATURE OF REPORTING PERSON Jeffrey W. Clarke Thomas H. Welch, Attorney-in-Fact