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Table of Contents

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant
to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to Rule 13d-2

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

DELL INC.


(Name of Issuer)

Common Stock, par value $0.01 per share


(Title of Class of Securities)

24702R101


(Cusip Number)

December 31, 2003


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        o Rule 13d-1 (c)

        x Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

 


Table of Contents

             
13G
CUSIP No.

  1. Name of Reporting Person:
Michael S. Dell
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  

  3. SEC Use Only:

  4. Citizenship or Place of Organization:
United States of America

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
241,997,313(a)

6. Shared Voting Power:
4,800,000(b)

7. Sole Dispositive Power:
241,962,313(a)

8.Shared Dispositive Power:
4,800,000(b)

  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
246,797,313(a)(b)

  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
x
33,249,112(c)

  11.Percent of Class Represented by Amount in Row (9):
9.6%

  12.Type of Reporting Person:
IN

(a)       Includes 4,009,786 shares subject to options that were exercisable at or within 60 days of December 31, 2003.
 
(b)       Includes 4,800,000 shares subject to options that were exercisable at or within 60 days of December 31, 2003 that are being held in trusts of which the reporting person is the trustee for the benefit of his children.
 
(c)       Includes 28,449,112 shares held in a separate property trust for the reporting person’s spouse and 4,800,000 shares subject to options that were exercisable at or with 60 days of December 31, 2003 that are being held in trusts of which the reporting person’s spouse is the trustee for the benefit of their children.


TABLE OF CONTENTS

Item 1.
Item 2.
Item 3.
Item 4. Ownership
Item 5. Ownership of Five Percent or Less of a Class.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Item 7.
Item 8. Identification and Classification of Members of the Group.
Item 9. Notice of Dissolution of Group.
Item 10. Certifications.
SIGNATURE


Table of Contents

             
Item 1.            
             
    (a)   Name of Issuer:
             
        Dell Inc.
             
    (b)   Address of Issuer’s Principal Executive Offices:
             
        One Dell Way
        Round Rock, Texas 78682
             
Item 2.            
             
    (a)-(c)   Name, Address and Citizenship of Person Filing:
             
        Michael S. Dell
        One Dell Way
        Round Rock, Texas 78682
        United States of America
             
    (d)   Title of Class of Securities:
             
        Common Stock, par value $0.01 per share
             
    (e)   CUSIP Number:
             
        24702R101
             
Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
             
    (a)   o   Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
             
    (b)   o   Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
             
    (c)   o   Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
             
    (d)   o   Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
             
    (e)   o   An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
             
    (f)   o   An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
             
    (g)   o   A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
             
    (h)   o   A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
             
    (i)   o   A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
             
    (j)   o   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
             
Item 4.   Ownership
             
    The information in items 1 through 11 on the cover page (page 2) on Schedule 13G is hereby incorporated by reference.

 


Table of Contents

     
Item 5.   Ownership of Five Percent or Less of a Class.
     
    Not applicable.
     
Item 6.   Ownership of More than Five Percent on Behalf of Another Person.
     
    Not applicable.
     
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
     
    Not applicable.
     
Item 8.   Identification and Classification of Members of the Group.
     
    Not applicable.
     
Item 9.   Notice of Dissolution of Group.
     
    Not applicable.
     
Item 10.   Certifications.
     
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
     
    February 17, 2004
   
    Date
     
    /s/ Michael S. Dell
   
    Signature
     
    Michael S. Dell
   
    Name and Title