HP INC — Director's Dealing 2003

Dec 16, 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: ROBISON SHANE V (Executive Vice President, Technology & Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-15	Common Stock	A	15000	—	Acquired	85982.9778	Direct

Footnotes

F1: Grant 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 6.5225 shares in July 2003 and 7.3258 shares in October 2003 under the Compaq Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3.