X0303 4 2011-07-01 0 0000317771 TELLABS INC TLAB 0001207300 HOLLEY JEAN K ONE TELLABS CENTER 1415 W. DIEHL ROAD NAPERVILLE IL 60563 0 1 0 0 EVP & CIO Common Stock 2011-07-01 4 S 0 50000 4.6329 D 107991 D Common Stock 24 I By Daughter Common Stock 2948 I By Managed Account The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2011. This transaction was executed in multiple trades at prices ranging from $4.5900 to $4.6500. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Held through the Tellabs 401(k) Plan. By: Hillary Hothan For: Jean K. Holley 2011-07-06