HP INC — Director's Dealing 2003

Nov 22, 2003

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

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

Reporting Person: ZITZNER DUANE E (Executive Vice President,, Personal Systems Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-05-29	Common Stock	G	304	—	Disposed	73999.0602	Direct

Footnotes

F1: Not applicable.

F2: Includes the aquisition of 697.7034 shares in April 2003, 11.6662 shares in July 2003 and 13.0821 shares in October 2003 under the Hewlett-Packard Company Share Ownership Plan in a transaction exempt under Rule 16b-3.