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
Kevin B. Rollins
One Dell Way
TX, Round Rock 78682
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
2/28/2003
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)
President and Chief Operating Officer
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. |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)| |
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Common Stock |2/28/ |2/28/ |M | |270000.000 |A |0.881 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |17432.000 |D |27.010 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |15300.000 |D |27.004 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |9917.000 |D |27.014 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |10000.000 |D |27.021 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |8768.000 |D |27.011 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |57000.000 |D |27.000 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |11500.000 |D |27.001 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |10588.000 |D |27.000 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |17100.000 |D |27.023 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |6370.000 |D |27.040 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |8625.000 |D |27.034 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |20100.000 |D |27.021 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |29400.000 |D |27.016 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |26500.000 |D |27.010 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |11400.000 |D |27.002 | |D | |
|2003 |2003 | | | | | | | | |
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Common Stock |2/28/ |2/28/ |S | |10000.000 |D |27.020 |12823.000 |D | |
|2003 |2003 | | | | | | | | |
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Common Stock | | | | | | | |2982.000 |I |Employer 401(k) Plan |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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) | | |
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Nonqualified |$0.881 |2/28/ 2|2/28/ |M | |270000.000 |D |1 |4/1/2|Common Stock|270000.| |62000.000 |D | |
Stock Options| |003 |2003 | | | | | |006 | |000 | | | | |
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Explanation of Responses:
1. Currently exercisable.
SIGNATURE OF REPORTING PERSON
Kevin B. Rollins
Thomas H. Welch, Jr., Attorney-in-Fact