HP INC — Director's Dealing 2003

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2003-11-03

Reporting Person: DUNN DEBRA L (Sr. Vice President, Corporate Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-03	Common Stock	A	10	—	Acquired	17856.6967	Direct
2003-12-15	Common Stock	A	375	—	Acquired	18231.6967	Direct

Footnotes

F1: Grant of 10 year service award.

F2: Not applicable.

F3: Award of restricted stock under the Hewlett-Packard Company 2000 Stock Plan in a transaction exempt under Rule 16b-3.

F4: Includes the acquisition of 9.7334 shares in January 2003, 12.9408 shares in April 2003, 8.8863 shares in July 2003 and 9.9650 shares in October 2003 under the Hewlett-Packard Company Share Ownership Plan in a transaction exempt under Rule 16b-3.