Edgar Filing: Esparza Andrew c

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â Esparza Andrew c

2. Date of Event Requiring Statement (Month/Day/Year)
09/06/2007

3. Issuer Name and Ticker or Trading Symbol
DELL INC [DELL]

(Last)

(First)

(Middle)

ONE DELL WAY

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Senior Vice President

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

ROUND ROCK,Â TXÂ 78682

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	86,975 ⁽¹⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Options	Â ⁽²⁾	03/26/2009	Common Stock	19,011	$ 30.43	D	Â
Nonqualified Stock Options	Â ⁽²⁾	09/23/2009	Common Stock	68,045	$ 44.6875	D	Â
Nonqualified Stock Options	Â ⁽²⁾	03/03/2010	Common Stock	65,307	$ 45.9375	D	Â
Nonqualified Stock Options	Â ⁽²⁾	03/24/2010	Common Stock	9,861	$ 45.9	D	Â
Nonqualified Stock Options	Â ⁽²⁾	08/22/2010	Common Stock	109,730	$ 37.5938	D	Â
Nonqualified Stock Options	Â ⁽²⁾	06/18/2011	Common Stock	20,000	$ 24.09	D	Â
Nonqualified Stock Options	Â ⁽²⁾	03/07/2012	Common Stock	13,658	$ 27.64	D	Â
Nonqualified Stock Options	Â ⁽²⁾	09/05/2012	Common Stock	23,106	$ 25.45	D	Â
Nonqualified Stock Options	Â ⁽³⁾	03/06/2013	Common Stock	22,458	$ 26.185	D	Â
Nonqualified Stock Options	Â ⁽²⁾	09/04/2013	Common Stock	24,045	$ 34.24	D	Â
Nonqualified Stock Options	Â ⁽²⁾	09/02/2014	Common Stock	30,565	$ 35.35	D	Â
Nonqualified Stock Options	Â ⁽²⁾	03/04/2014	Common Stock	28,080	$ 32.985	D	Â
Nonqualified Stock Options	Â ⁽²⁾	03/03/2015	Common Stock	53,800	$ 40.17	D	Â
Nonqualified Stock Options	Â ⁽⁴⁾	03/08/2017	Common Stock	156,153	$ 22.275	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Esparza Andrew c ONE DELL WAY ROUND ROCK,Â TXÂ 78682	Â	Â	Â Senior Vice President	Â

Signatures

/s/ Thomas H. Welch, Jr., Attorney-in-Fact		09/12/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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 2,184 shares held unrestricted and 84,791 restricted stock units lapsing as follows: 10,754 on 2/8 of 2008 and 2009, 2,091 units on 3/3 of 2009 through 2012, 2,955 units on 3/9 of 2008 through 2011 and 43,099 units on 3/29/2010.
(2)	Currently exercisable.
(3)	Exercisable as follows: 14,972 shares currently exercisable and 7,486 vesting on 3/6/2008.
(4)	Exercisable as follows: 52,051 shares on 3/8 of 2008 through 2010.

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