HP INC — Director's Dealing 2003

Feb 20, 2003

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FORM 4		OMB APPROVAL
		OMB Number:

3235-0287 |
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January
31, 2005 |
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| 1.
Name and Address of Reporting Person* WINKLER, MICHAEL J. | 2.
Issuer Name and Ticker or Trading Symbol HEWLETT-PACKARD COMPANY (HPQ) | | 6. Relationship of
Reporting Person(s) to Issuer (Check all applicable) [] Director [] 10%
Owner [X] Officer (give title below) [] Other
(specify below) Executive Vice President, Chief Marketing Officer |
| --- | --- | --- | --- |
| (Last)
(First) (Middle) 3000 HANOVER STREET | 3.
I.R.S. Identification Number of Reporting Person, if an entity (voluntary) | 4.
Statement for Month/Day/Year 02/18/03 | |
| (Street) PALO ALTO CA 94304 | | 5.
If Amendment, Date of Original (Month/Day/Year) | 7.
Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [] Form filed by More than One Reporting Person |
| (City)
(State)
(Zip ) | Table I — Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned | | |

1. Title of Security (Instr. 3)	2. Trans- action Date (mm/dd/yy)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction (Instr. 3 and 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)
		Code	V	Amount	(A) or (D)	Price
COMMON STOCK	02/18/03	F(1)		6,727	D	$18.44	49,412(2)	D

(1) Surrender of shares under the Compaq Computer Corporation Deferred Compensation and Supplemental Savings Plan to satisfy a tax withholding obligation in a transaction exempt under Rule 16b-3. (2) Includes the acquisition of 78 shares in July 2002 and 108 shares in October 2002 under the Compaq Computer Corporation Deferred Compensation and Supplemental Savings Plan in a transaction exempt under Rule 16b-3. Includes the acquisition of 23 shares in July 2002 and 32 shares in October 2002 in October 2002 under the Compaq Computer Corporation 401(k) Investment Plan in a transaction exempt under Rule 16b-3.

(Over) SEC 1474 (9-02)

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FORM 4 (continued) Table II —Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

| 1.Title of Derivative Security (Instr.3) — Code | V | 5. Number
of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) — (A) | (D) | 6. Date
Exercisable and Expiration Date (Month/Day/Year) — Date Exercisable | Expiration Date | 7. Title
and Amount of Underlying Securities (Instr. 3 and 4) — Title | Amount
or Number of Shares |
| --- | --- | --- | --- | --- | --- | --- | --- |

Explanation of Responses:

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misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
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