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
1/2003
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. |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 | |
| | |Code | | A/| | Owned at |Indir | |
|Date | Date | | Amount | D | Price | End of Year |ect(I)| |
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Common Stock | | | | | | |39778.000 |I |Employer Retirement 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-|Code | 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 |(Month/|(Month| | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|rity |Day/ |/Day/ | | | D |cisa-|Date | of Shares | |End of |ct | |
| |Year) |Year) | | Amount | |ble | | | |Year |(I)| |
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Nonqualified |$28.24 | | | | | |1 |7/19/|Common Stock| | |28330.000 |D | |
Stock Options| | | | | | | |2011 | | | | | | |
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Nonqualified |$28.899 | | | | | |2 |7/17/|Common Stock| | |26096.000 |D | |
Stock Options| | | | | | | |2008 | | | | | | |
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Nonqualified |$26.32 |7/18/ 2| |A |4560.000 |A |3 |7/18/|Common Stock|4560.00| | |D | |
Stock Options| |002 | | | | | |2012 | |0 | | | | |
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Nonqualified |$26.32 |7/18/ 2| |A |28420.000 |A |4 |7/18/|Common Stock|28420.0| |32980.000 |D | |
Stock Options| |002 | | | | | |2012 | |00 | | | | |
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Nonqualified |$43.91 | | | | | |5 |7/16/|Common Stock| | |17957.000 |D | |
Stock Options| | | | | | | |2009 | | | | | | |
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Nonqualified |$52.1563| | | | | |6 |7/20/|Common Stock| | |18599.000 |D | |
Stock Options| | | | | | | |2010 | | | | | | |
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Explanation of Responses:
1. Exercisable in accordance with the following schedule: 5,666 shares on 7/19
of each year from 2002 through 2006.
2. Exercisable in accordance with the following schedule: 20,876 shares
currently exercisable and 5,220 shares on 7/17/03.
3. Exercisable in accordance with the following schedule: 912 shares on 7/18
of each year from 2003 through 2007.
4. Exercisable in accordance with the following schedule: 5,684 shares on 7/18
of each year from 2003 through 2007.
5. 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.
6. 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.
SIGNATURE OF REPORTING PERSON
Thomas W. Luce III
Thomas H. Welch, Jr., Attorney-in-Fact