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
Klaus Luft
Gut Keferloh 1 B
, Grasbrunn bei Munich D-85630
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
10/21/2002
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 |10/21/|M | |38400 |A |$9.26 | |D | |
| 2002 | | | | | | | | |
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Common Stock |10/21/|S | |38400 |D |$29.00 |50000 |D | |
| 2002 | | | | | | | | |
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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|$9.26 |10/21|M | |38400 |D |1 |7/18/|Common Stock|38400 |N/A |0 |D | |
ions | |/ 200| | | | | |2007 | | | | | | |
| |2 | | | | | | | | | | | | |
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Nonqualified Stock Opt|$28.24 | | | | | |2 |7/19/|Common Stock| | |18330 |D | |
ions | | | | | | | |2011 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |3 |7/17/|Common Stock| | |26096 |D | |
ions | | | | | | | |2008 | | | | | | |
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Nonqualified Stock Opt|$43.91 | | | | | |4 |7/16/|Common Stock| | |6284 |D | |
ions | | | | | | | |2009 | | | | | | |
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Nonqualified Stock Opt|$43.91 | | | | | |5 |7/16/|Common Stock| | |10000 |I |Family Trust|
ions | | | | | | | |2009 | | | | | | |
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Nonqualified Stock Opt|$52.1563| | | | | |6 |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: 3,666 shares on 7/19
of each year from 2002 through 2006.
3. Exercisable in accordance with the following schedule: 20,876 shares
currently exercisable and 5,220 shares on 7/17/03.
4. Exercisable according to the following schedule: 1,256 shares on 7/16/00
and 1,257 shares on 7/16 of each year from 2001 through 2004.
5. Exercisable according to the following schedule: 2,000 shares on 7/16 of
each year from 2000 through 2004.
6. Exercisable in accordance with the following schedule: 3,719 shares on
7/20/01 and 7/20/03, 3,720 shares on 7/20/02 and 7/20/04 and 3,721 shares on
7/20/05.