Dell Technologies Inc. — Director's Dealing 2017

May 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VMWARE, INC. (VMW)
CIK: 0001124610
Period of Report: 2017-05-05

Reporting Person: Dell Technologies Inc (10% Owner)
Reporting Person: EMC CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-05	Class A Common Stock	S	666354	$89.1383	Disposed	33423094	Indirect

Footnotes

F1: The price per share paid for the Class A Common Stock sold in the reported transaction was calculated in the manner reported in the Form 4 filed by the Reporting Persons on April 4, 2017.

F2: The 666,354 shares of Class A Common Stock sold in the reported transaction, which is expected to close on May 10, 2017, were held directly by EMC Equity Assets LLC, a direct wholly-owned subsidiary of EMC Corporation ("EMC"). Following the reported transaction, (a) EMC is the record holder of 13,379,359 shares and VMW Holdco LLC, a direct wholly-owned subsidiary of EMC, is the record holder of 20,000,000 shares of the 33,423,094 shares of Class A Common Stock reported in Column 5 of Table I, and (b) EMC Equity Assets LLC is the record holder of the remainder of the shares of Class A Common Stock reported in Column 5 of Table I. EMC is directly wholly owned by Dell Inc., which in turn is indirectly wholly owned by Dell Technologies Inc. through its directly held wholly-owned subsidiary Denali Intermediate Inc.