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 *
Felice Stephen J
  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)
10/29/2013
(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 10/29/2013   D   147,308 (1) D $ 13.75 0 D  
Common Stock 10/29/2013   D   1,759 (1) D $ 13.75 0 I By 401(k) Plan
Common Stock 10/29/2013   D   95,886 (2) D $ 13.75 0 D  

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 $ 32.985 10/29/2013   D     32,515 (3)   (4) 03/04/2014 Common Stock 32,515 (5) 0 D  
Nonqualified Stock Options $ 35.35 10/29/2013   D     29,705 (3)   (4) 09/02/2014 Common Stock 29,705 (5) 0 D  
Nonqualified Stock Options $ 40.17 10/29/2013   D     56,635 (3)   (4) 03/03/2015 Common Stock 56,635 (5) 0 D  
Nonqualified Stock Options $ 40.625 10/29/2013   D     75,000 (3)   (4) 08/01/2015 Common Stock 75,000 (5) 0 D  
Nonqualified Stock Options $ 28.95 10/29/2013   D     280,000 (3)   (4) 03/09/2016 Common Stock 280,000 (5) 0 D  
Nonqualified Stock Options $ 22.28 10/29/2013   D     234,228 (3)   (4) 03/08/2017 Common Stock 234,228 (5) 0 D  
Nonqualified Stock Options $ 19.67 10/29/2013   D     265,245 (3)   (4) 03/04/2018 Common Stock 265,245 (5) 0 D  
Nonqualified Stock Options $ 14.99 10/29/2013   D     366,912 (3)   (4) 03/26/2020 Common Stock 366,912 (5) 0 D  
Nonqualified Stock Options $ 15.44 10/29/2013   D     369,686 (3)   (6) 03/02/2021 Common Stock 369,686 (5) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Felice Stephen J
ONE DELL WAY
ROUND ROCK, TX 78682
      President  

Signatures

 /s/ Janet B. Wright, Attorney in Fact   10/31/2013
**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) Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2013, as amended (the "Merger Agreement"), among Dell Inc. (the "Company"), Denali Holding Inc., Denali Intermediate Inc. and Denali Acquiror Inc., these shares were canceled and converted into the right to receive $13.75 in cash, without interest, less any applicable withholding taxes.
(2) Represents 95,886 unvested restricted stock units. Pursuant to the Merger Agreement, these restricted stock units were canceled and converted into the right to receive $13.75 per share subject to such restricted stock units, less any applicable withholding taxes, payable on the date such restricted stock units otherwise would have vested, subject to certain conditions.
(3) These options to purchase shares of the Company's common stock were tendered by the reporting person to the Company in the Offer to Purchase for Cash Outstanding Options to Purchase Common Stock Under the Dell Inc. 2012 Long-Term Incentive Plan and the Dell Inc. Amended and Restated 2002 Long-Term Incentive Plan, which offer expired on October 29, 2013.
(4) Options were fully exercisable as of October 29, 2013.
(5) Each tendered option was canceled in exchange for the right to receive cash consideration, less any applicable withholding taxes, equal to (a) the number of shares of the Company's common stock underlying the option multiplied by (b) an amount equal to (i) the excess of $13.75 over the per share exercise price of the option if the per share exercise price was $13.05 or less, (ii) $0.70 if the per share exercise price of the option was $13.06 to $15.50, (iii) $0.40 if the per share exercise price of the option was $15.51 to $20.00, (iv) $0.20 if the per share exercise price of the option was $20.01 to $25.00, and (v) $0.10 if the per share exercise price of the option was $25.01 to $50.00. Notwithstanding the foregoing, pursuant to the terms of the offer, if any option holder elected to participate in the offer, in no event would the holder receive less than $300 for each option grant validly tendered and not withdrawn, less any applicable withholding taxes.
(6) Of the 369,686 options, 246,470 were fully exercisable as of October 29, 2013. The remaining 123,216 options would have vested on March 2, 2014.

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