X0303 4 2011-03-08 0 0000317771 TELLABS INC TLAB 0001299580 Kelly Daniel ONE TELLABS CENTER 1415 W. DIEHL ROAD NAPERVILLE IL 60563 0 1 0 0 EVP, Global Products Common Stock 2011-03-08 4 A 0 33875 0 A 291061 D Common Stock 2011-03-08 4 F 0 3551 5.3 D 287510 D Common Stock 2011-03-09 4 F 0 7956 5.24 D 279554 D This award is a Performance Stock Unit (PSU) award granted March 8, 2010. The number of PSUs was calculated based on the number of shares earned as a result of 2010 performance, the target was exceeded and 125% of PSUs were earned and 1.25 shares for each PSU of the granted award was paid out. This PSU award vests in equal annual installments through March 8, 2013, subject to continued employment through such date. /s/ Daniel P. Kelly 2011-03-10