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
James M. Schneider
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/Year
11/4/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President, Chief Financial 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. |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 |11/4/ |M | |40000 |A |$2.481 | |D | |
|2002 | | | | | | | | |
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Common Stock |11/4/ |S | |23288 |D |$30.05 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |25600 |D |$30.08 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |29900 |D |$30.05 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |38300 |D |$30.00 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |25300 |D |$30.03 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |57312 |D |$30.01 | |D | |
|2002 |1 | | | | | | | |
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Common Stock |11/4/ |S | |300 |D |$30.00 |20567 |D | |
|2002 |1 | | | | | | | |
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Common Stock | | | | | | |3417 |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 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|$2.481 |11/4/|M | |40000 |D |2 |9/16/|Common Stock|40000 |N/A |980000 |D | |
ions | | 2002| | | | | |2006 | | | | | | |
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Nonqualified Stock Opt|$25.45 | | | | | |3 |9/5/2|Common Stock| | |200000 |D | |
ions | | | | | | | |012 | | | | | | |
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Nonqualified Stock Opt|$27.64 | | | | | |4 |3/7/2|Common Stock| | |200000 |D | |
ions | | | | | | | |012 | | | | | | |
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Nonqualified Stock Opt|$3.335 | | | | | |2 |3/21/|Common Stock| | |121600 |D | |
ions | | | | | | | |2007 | | | | | | |
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Nonqualified Stock Opt|$9.26 | | | | | |2 |7/18/|Common Stock| | |96000 |D | |
ions | | | | | | | |2007 | | | | | | |
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Nonqualified Stock Opt|$12.738 | | | | | |2 |3/20/|Common Stock| | |179940 |I |Family L.P. |
ions | | | | | | | |2008 | | | | | | |
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Nonqualified Stock Opt|$22.10 | | | | | |5 |9/6/2|Common Stock| | |350000 |D | |
ions | | | | | | | |011 | | | | | | |
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Nonqualified Stock Opt|$22.94 | | | | | |6 |2/12/|Common Stock| | |100000 |D | |
ions | | | | | | | |2011 | | | | | | |
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Nonqualified Stock Opt|$28.899 | | | | | |7 |7/17/|Common Stock| | |69220 |D | |
ions | | | | | | | |2008 | | | | | | |
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Nonqualified Stock Opt|$37.5938| | | | | |8 |8/22/|Common Stock| | |100000 |D | |
ion | | | | | | | |2010 | | | | | | |
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Nonqualified Stock Opt|$30.43 | | | | | |2 |3/26/|Common Stock| | |33870 |D | |
ions | | | | | | | |2009 | | | | | | |
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Nonqualified Stock Opt|$37.5938| | | | | |9 |8/22/|Common Stock| | |100000 |D | |
ions | | | | | | | |2010 | | | | | | |
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Nnonqualified Stock Op|$43.438 | | | | | |10 |3/02/|Common Stock| | |400000 |D | |
tions | | | | | | | |2010 | | | | | | |
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Nonqualified Stock Opt|$44.6875| | | | | |11 |9/23/|Common Stock| | |78320 |D | |
ions | | | | | | | |2009 | | | | | | |
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Nonqualified Stock Opt|$45.90 | | | | | |12 |3/24/|Common Stock| | |16339 |D | |
ions | | | | | | | |2010 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. This sale was executed pursuant to an irrevocable instruction to sell a
specified number of shares at a specified price entered on 5/21/02.
2. Currently exercisable.
3. Exercisable in accordance with the following schedule: 40,000 shares on 9/5
of each year from 2003 through 2007.
4. Exercisable in accordance with the following schedule: 40,000 shares on 3/7
of each year from 2003 through 2007.
5. Exercisable in accordance with the following schedule: 70,000 shares on 9/6
of each year from 2002 through 2006.
6. Exercisable in accordance with the following schedule: 20,000 shares on
2/12 of each year from 2002 through 2006.
7. Exercisable in accordance with the following schedule: 13,844 shares on 7/17
of each year from 2003 through 2007.
8. Exercisable according to the following schedule: 20,000 shares on 8/22 of
each year from 2003 through 2007.
9. Exercisable according to the following schedule: 20,000 shares on 8/22 of
each year from 2001 through 2005.
10. Exercisable according to the following schedule: 80,000 shares on 3/2 of
each year from 2001 through 2005.
11. Exercisable according to the following schedule: 15,664 shares on 9/23 of
each year from 2000 through 2004.
12. Exercisable according to the following schedule: 4,084 shares on 3/24/2001,
4,085 shares on 3/24/2002 and 8,170 shares on 3/24/2003.