Dell Technologies Inc. — Director's Dealing 2019

Dec 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dell Technologies Inc (DELL)
CIK: 0001571996
Period of Report: 2019-12-11

Reporting Person: DELL MICHAEL S (Director, Chief Executive Officer, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-11	Option to Acquire Class A Common Stock	$13.75	M	7700000	Disposed	2023-11-25	Class A Common Stock (7700000)	Direct
2019-12-11	Class A Common Stock	$0	M	7700000	Acquired		Class C Common Stock (7700000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$0		Class C Common Stock (32890896)	32890896	Indirect

Footnotes

F1: On December 11, 2019, the reporting person exercised in part, for cash, a stock option (the "option") awarded to him under the Stock Option Agreement, dated as of November 25, 2013, between the reporting person and the issuer, for 7,700,000 shares of Dell Technologies Inc. Class A common stock. As of that date, the option was fully vested, and the remaining 3,209,091 shares underlying the option may be purchased at any time prior to the expiration of the option. The reporting person continues to hold the 7,700,000 shares after the partial exercise of the option.

F2: Each share of Class A common stock beneficially owned by the reporting person is convertible into one share of Class C common stock at any time at the holder's election.

F3: The reporting person disclaims beneficial ownership of these securities for purposes of Rule 16a-1(a)(1) and (2) under the Securities Exchange Act of 1934, and neither the filing of this statement nor anything herein shall be deemed an admission that he is, for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose, the beneficial owner of the securities.