4 1 edgar.txt FORM 4 - 03-17-2003 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 John S. Hamlin 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 3/17/2003 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, US Consumer Business 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 |3/17/ |3/17/ |M | |20000.000 |A |22.940 | |D | | |2003 |2003 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |3/17/ |3/17/ |S | |10000.000 |D |27.500 | |D | | |2003 |2003 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock 1 |3/17/ |3/17/ |S | |10000.000 |D |28.000 |98674.000 |D | | |2003 |2003 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | | |801.000 |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 | | | | | | |2 |9/5/2|Common Stock| | |200000.000 |D | | Stock Options| | | | | | | | |012 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$27.64 | | | | | | |3 |3/7/2|Common Stock| | |200000.000 |D | | Stock Options| | | | | | | | |012 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$22.94 |3/17/ 2|3/17/ |M | |20000.000 |D |4 |2/12/|Common Stock|20000.0| |100000.000 |D | | Stock Options| |003 |2003 | | | | | |2011 | |00 | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$24.09 | | | | | | |5 |6/18/|Common Stock| | |400000.000 |D | | Stock Option | | | | | | | | |2011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$22.10 | | | | | | |6 |9/6/2|Common Stock| | |120000.000 |D | | Stock Options| | | | | | | | |011 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$26.185 | | | | | | |7 |3/6/2|Common Stock| | |150000.000 |D | | Stock Options| | | | | | | | |013 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$28.899 | | | | | | |8 |7/17/|Common Stock| | |6352.000 |D | | Stock Options| | | | | | | | |2008 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$37.5938| | | | | | |9 |8/22/|Common Stock| | |150000.000 |D | | Stock Options| | | | | | | | |2010 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$44.75 | | | | | | |10 |10/13|Common Stock| | |27168.000 |D | | Stock Option | | | | | | | | |/2009| | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$44.6875| | | | | | |11 |9/23/|Common Stock| | |15870.000 |D | | Stock Options| | | | | | | | |2009 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified |$42.4063| | | | | | |12 |8/7/2|Common Stock| | |150000.000 |D | | Stock Options| | | | | | | | |000 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: 1. Represents 8,674 shares held free of restrictions and 90,000 shares of restricted stock scheduled to vest as follows: 10,000 shares on 6/18 of each year from 2003 through 2006 and 10,000 shares on 3/6 of each year from 2004 though 2008. 2. Exercisable according to the following schedule: 40,000 shares on 9/5 of each year from 2003 through 2007. 3. Exercisable according to the following schedule: 40,000 shares on 3/7 of each year from 2003 through 2007. 4. Exercisable according to the following schedule: 10,000 currently exercisable and 30,000 shares on 2/12 of each year from 2004 through 2006. 5. Exercisable according to the following schedule: 100,000 shares on 6/18 of each year from 2003 through 2006. 6. Exercisable according to the following schedule: 30,000 shares on 9/6 of each year from 2003 through 2006. 7. Exercisable according to the following schedule: 30,000 shares on 3/6 of each year from 2004 through 2008. 8. Exercisable according tothe following schedule: 4,764 shares currently exercisable and 1,588 shares on 7/17/2003. 9. Exercisable according to the following schedule: 60,000 shares currently exercisable and 30,000 shares on 8/22 of each year from 2003 through 2005. 10. Exercisable according to the following schedule: 16,300 shares currently exercisable and 5,434 on 10/13/2003 and 10/13/2004. 11. Exercisable according to the following schedule: 9,522 shares currently exercisable and 3,174 on 9/23/2003 and 9/23/2004. 12. Exercisable according to the following schedule: 60,000 shares currently exercisable and 30,000 shares on 8/7 of each year from 2003 through 2005. SIGNATURE OF REPORTING PERSON John S. Hamlin Thomas H. Welch, Attorney-in-Fact