HALLIBURTON CO — Director's Dealing 2006

Dec 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLIBURTON CO (HAL)
CIK: 0000045012
Period of Report: 2006-12-05

Reporting Person: SMITH DAVID RICH (Vice President - Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-05	Common Stock	D	265	$33.53	Disposed	69251	Direct
2006-12-05	Common Stock	A	8.34	$33.74	Acquired	859.98	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$32.39	2015-12-07	Common Stock (3800)	3800	Direct
Option to Buy Common Stock	$13.02	2014-01-02	Common Stock (6666)	6666	Direct
Option to Buy Common Stock	$15.78	2011-07-19	Common Stock (6186)	6186	Direct
Option to Buy Common Stock	$10.95	2011-10-01	Common Stock (6186)	6186	Direct
Option to Buy Common Stock	$6.14	2012-01-02	Common Stock (6186)	6186	Direct
Ooption to Buy Common Stock	$8.38	2012-04-01	Common Stock (6186)	6186	Direct
Option to Buy Common Stock	$19.31	2014-12-02	Common Stock (4800)	4800	Direct
Option to Buy Common Stock	$19.75	2009-12-02	Common Stock (21000)	21000	Direct
Option to Buy Common Stock	$19.78	2011-02-23	Common Stock (21000)	21000	Direct

Footnotes

F1: Shares transferred to Halliburton Company for payment for Federal tax withholding obligations on lapse of restrictions on shares issued under the 1993 Stock and Incentive Plan. Said Plan permits Reporting Person to satisfy withholding tax obligation by transferring unrestricted shares to the Issuer.

F2: The number of derivitive securities has been adjusted to reflect a 2-for-1 stock split on July 17, 2006.

F3: The number of indirect shares held in the Master Trust has been adjusted to reflect a 2-for-1 stock split on July 17, 2006.

F4: Exercise price has been adjusted to reflect a 2-for-1 stock split on July 17, 2006.

F5: The number of derivitive securites has been adjusted to reflect a 2-for-1 stock split on July 17, 2006.