HP INC — Director's Dealing 2003

Dec 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2003-12-15

Reporting Person: JOSHI VYOMESH (Executive Vice President, Imaging & Printing Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-15	Common Stock	A	15000	—	Acquired	19247.4828	Direct

Footnotes

F1: Award of restricted stock under the Hewlett-Packard Company 2000 Stock Plan in a transaction exempt under Rule 16b-3.

F2: Not applicable.

F3: Includes the acquisition of 2.8303 shares in January 2002, 5.404 shares in April 2002, 1,445.0867 shares in May 2002, 13.3097 shares in July 2002, 19.0081 shares in October 2002, 10.2526 shares in January 2003, 1,546.433 shares in April 2003, 10.5770 shares in July 2003 and 11.849 shares in October 2003 under the Hewlett-Packard Company Share Ownership Plan in a transaction exempt under Rule 16b-3.

F4: The Reporting Person holds an additional 50,690 shares indirectly in The 2001 Joshi Living Trust dated Decemeber 7, 2001.