Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BELL PAUL D
  2. Issuer Name and Ticker or Trading Symbol
DELL INC [DELL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
(Last)
(First)
(Middle)
ONE DELL WAY
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2011
(Street)

ROUND ROCK, TX 78682
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2011   A   11,862 (1) A $ 0 374,834 D  
Common Stock 03/02/2011   A   13,906 (2) A $ 0 388,740 D  
Common Stock 03/02/2011   A   11,386 (3) A $ 0 400,126 (4) D  
Common Stock               8,114 I 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonqualified Stock Options $ 15.44 03/02/2011   A   369,686     (5) 03/02/2021 Common Stock 369,686 $ 0 369,686 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BELL PAUL D
ONE DELL WAY
ROUND ROCK, TX 78682
      President  

Signatures

 /s/ Janet B. Wright, Attorney-in-Fact   03/04/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents RSUs earned pursuant to performance based units granted in March 2008. Entire grant vests on March 4, 2011.
(2) Represents RSUs earned pursuant to performance based units granted in March 2009. Entire grant vests on March 5, 2012.
(3) Represents RSUs earned pursuant to performance based units granted in March 2010. Entire grant vests on March 26, 2013.
(4) Represents 98,653 unrestricted shares and 301,471 restricted stock units vesting as follows: 97,611 units on 3/4/11, 114,423 units on 3/5/12 and 89,437 units on 3/26/2013.
(5) Nonqualified stock options vesting as follows: 125,693 shares on 3/2/12, 121,997 shares on 3/2/13 and 121,996 shares on 3/2/2014.

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