HP INC — Director's Dealing 2003

Nov 24, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2003-11-21

Reporting Person: MCKINNEY HARRY WEBB (Executive Vice President,, Strategic Change)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-21	Common Stock	S	47084	$21.35	Disposed	3377.994	Direct

Footnotes

F1: Includes the acquisition of 11.6592 shares in July 2003 and 13.0738 shares in October 2003 under the Hewlett-Packard Company Employee Stock Ownership Plan in a transaction exempt under Rule 16b-3.