Dell Technologies Inc. — Director's Dealing 2020

Jan 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Dell Technologies Inc (DELL)
CIK: 0001571996
Period of Report: 2020-01-08

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-08	Option to Acquire Class A Common Stock	$13.75	M	3209091	Disposed	2023-11-25	Class A Common Stock (3209091)	Direct
2020-01-08	Class A Common Stock	$0	M	3209091	Acquired		Class C Common Stock (3209091)	Direct

Holdings (Derivative)

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

Footnotes

F1: As previously reported, on December 11, 2019, the reporting person exercised in part 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. On January 8, 2020, the reporting person exercised, for cash, the remaining portion of the option for 3,209,091 shares of Class A common stock. As of that date, the option was fully vested. The reporting person continues to hold all of the shares issued upon 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.