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. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Thomas W. Luce III
5950 Berkshire Lane, Suite 1060
TX, Dallas 75201-4685
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
1/2002
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 Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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Nonqualified Stock Optio|$2.072 | | | | |1 |8/29/|Common Stock| | |13440 |D | |
ns | | | | | | |2006 | | | | | | |
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Nonqualified Stock Optio|$9.26 | | | | |2 |7/18/|Common Stock| | |120711 |D | |
ns | | | | | | |2007 | | | | | | |
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Nonqualified Stock Optio|$28.24 |7/19/|A |24080 |A |3 |7/19/|Common Stock|24080 |N/A | |D | |
ns | | 2001| | | | |2011 | | | | | | |
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Nonqualified Stock Optio|$28.24 |7/19/|A |4250 |A |4 |7/19/|Common Stock|4250 |N/A |28330 |D | |
ns | | 2001| | | | |2011 | | | | | | |
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Nonqualified Stock Optio|$28.899 | | | | |5 |7/17/|Common Stock| | |26096 |D | |
ns | | | | | | |2008 | | | | | | |
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Nonqualified Stock Optio|$43.91 | | | | |6 |7/16/|Common Stock| | |17957 |D | |
ns | | | | | | |2009 | | | | | | |
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Nonqualified Stock Optio|$52.1563| | | | |7 |7/20/|Common Stock| | |18599 |D | |
ns | | | | | | |2010 | | | | | | |
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Explanation of Responses:
1. Currently exercisable.
2. Exercisable in accordance with the following schedule: 80,933 shares
currently exercisable and 39,778 shares on 7/18/2002.
3. Exercisable in accordance with the following schedule: 4,816 shares on 7/19
of each year from 2002 through 2006.
4. Exercisable in accordance with the following schedule: 850 shares on 7/19
of each year from 2002 through 2006.
5. Exercisable in accordance with the following schedule: 15,657 shares
currently exercisable and 5,219 shares on 7/17/02 and 5,220 shares on 7/17/03.
6. Exercisable according to the following schedule: 3,590 shares on 7/16/00, 3,
592 shares on 7/16/01, 7/16/03 and 7/16/05 and 3,591 shares on 7/16/02.
7. Exercisable in accordance with the following schedule: 3,719 shares on 7/20
of 2001 and 2003, 3,720 shares 7/20 of 2002 and 2004 and 3,721shares on
7/20/2005.