HALLIBURTON CO — Director's Dealing 2006

May 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLIBURTON CO (HAL)
CIK: 0000045012
Period of Report: 2006-05-16

Reporting Person: Lane Andrew R (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-16	Common Stock	A	10000	$75.01	Acquired	108622	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$28.86	2014-03-16	Common Stock (2673)	2673	Direct
Option to Buy Common Stock	$38.61	2014-12-02	Common Stock (12600)	12600	Direct
Option to Buy Common Stock	$64.78	2015-12-07	Common Stock (20000)	20000	Direct

Footnotes

F1: Shares awarded pursuant to the Halliburton Company 1993 Stock and Incentive Plan. Said Plan provides for the surrender of common stock to the Issuer to satisfy withholding tax obligations. The shares will not begin to vest until after 5 years and at that time the shares will begin to vest at 20% per year over a five-year period.