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
Robert W Davis
One Dell Way
TX, Round Rock 78682-2244
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
3/6/2003
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)
Vice President, Corporate Planning and Reporting (Chief Accounting 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 | | | | | | | |6445.000 |D | |
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Common Stock | | | | | | | |1483.000 |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 |$25.45 | | | | | | |1 |9/5/2|Common Stock| | |73120.000 |D | |
Stock Options| | | | | | | | |012 | | | | | | |
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Nonqualified |$27.64 | | | | | | |2 |3/7/2|Common Stock| | |22440.000 |D | |
Stock Options| | | | | | | | |012 | | | | | | |
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Nonqualified |$3.7188 | | | | | | |3 |12/9/|Common Stock| | |34000.000 |D | |
Stock Options| | | | | | | | |06 | | | | | | |
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Nonqualified |$9.26 | | | | | | |3 |7/18/|Common Stock| | |24960.000 |D | |
Stock Options| | | | | | | | |2007 | | | | | | |
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Nonqualified |$26.185 |3/6/ 20|3/6/ 2|A | |21715.000 |A |4 |3/6/2|Common Stock|21715.0| |21715.000 |D | |
Stock Options| |03 |003 | | | | | |013 | |00 | | | | |
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Nonqualified |$22.10 | | | | | | |5 |9/6/2|Common Stock| | |29405.000 |D | |
Stock Options| | | | | | | | |011 | | | | | | |
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Nonqualified |$22.94 | | | | | | |6 |2/12/|Common Stock| | |31290.000 |D | |
Stock Options| | | | | | | | |2011 | | | | | | |
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Nonqualified |$28.899 | | | | | | |7 |7/17/|Common Stock| | |14800.000 |D | |
Stock Options| | | | | | | | |2008 | | | | | | |
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Nonqualified |$37.5938| | | | | | |8 |8/22/|Common Stock| | |51405.000 |D | |
Stock Option | | | | | | | | |2010 | | | | | | |
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Nonqualified |$30.43 | | | | | | |3 |3/26/|Common Stock| | |19604.000 |D | |
Stock Options| | | | | | | | |2009 | | | | | | |
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Nonqualified |$37.5938| | | | | | |9 |8/22/|Common Stock| | |51405.000 |D | |
Stock Options| | | | | | | | |2010 | | | | | | |
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Nonqualified |$44.6875| | | | | | |10 |9/23/|Common Stock| | |27925.000 |D | |
Stock Options| | | | | | | | |2009 | | | | | | |
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Explanation of Responses:
1. Exercisable in accordance with the following schedule: 14,624 shares on 9/5
of each year from 2003 through 2007.
2. Exercisable in accordance with the following schedule: 4,488 shares on 3/7
of each year from 2003 through 2007.
3. Currently exercisable.
4. Exercisable according to the following schedule: 4,343 shares on 3/6 of
each year from 2004 through 2008.
5. Exercisable in accordance with the following schedule: 5,881 shares
currently exercisable and 5,881 shares on 9/6 of each year from 2003 through
2006.
6. Exercisable in accordance with the following schedule: 6,258 shares
currently exercisable and 6,258 shares on 2/12 of each year from 2003 through
2006.
7. Exercisable in accordance with the following schedule: 11,840 shares
currently exercisable and 2,960 shares on 7/17/03.
8. Exercisable in accordance with the following schedule: 10,281 shares on
8/22 of each year from 2003 through 2007.
9. Exercisable in accordance with the following schedule: 20,562 shares
currently exercisable and 10,281 shares on 8/22 of each year from 2003 through
2005.
10. Exercisable in accordance with the following schedule: 16,755 shares
currently exercisable and 5,585 shares on 9/23 of 2003 and 2004.
SIGNATURE OF REPORTING PERSON
Robert W Davis
Thomas H. Welch, Jr., Attorney-in-Fact