HP INC — Director's Dealing 2004

Dec 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-12-15

Reporting Person: Humphries Brian (VP, Investor Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-15	Common Stock	F	54	—	Disposed	96	Direct

Footnotes

F1: Not applicable.

F2: The Reporting Person holds an additional 2,516.9940 shares indirectly under the Hewlett-Packard Company 401(k) Plan ("HP 401(k) Plan"). The Reporting Person's indrect holdings include the acquisition of 556.628 shares in October 2004 under the HP 401(k) Plan in a transaction exempt under Rule 16b-3.