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
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
11/2001
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 Filing (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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |11/20/|M | |51800 |A |$2.072 | |D | |
| 2001 | | | | | | | | |
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Common Stock |11/20/|S | |51800 |D |$26.77 |0 |D | |
| 2001 | | | | | | | | |
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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 | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price 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 |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Nonqualified Stock Opt|$2.072 |11/20|M | |51800 |D |1 |8/29/|Common Stock|51800 |N/A |13440 |D | |
ions | |/ 200| | | | | |06 | | | | | | |
| |1 | | | | | | | | | | | | |
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Nonqualified Stock Opt|$9.26 | | | | | |2 |7/18/|Common Stock| | |120711 |D | |
ions | | | | | | | |07 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |3 |7/17/|Common Stock| | |26096 |D | |
ions | | | | | | | |08 | | | | | | |
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Nonqualified Stock Opt|$43.91 | | | | | |4 |7/16/|Common Stock| | |17957 |D | |
ions | | | | | | | |09 | | | | | | |
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Nonqualified Stock Opt|$52.1563| | | | | |5 |7/20/|Common Stock| | |18599 |D | |
ions | | | | | | | |2010 | | | | | | |
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| | | | | | | | | | | | | | |
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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: 15,657 shares
currently exercisable and 5,219 shares on 7/17/02 and 5,220 shares on 7/17/03.
4. 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.
5. 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.