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: WAYMAN ROBERT PAUL (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-15	Common Stock	F	5363	—	Disposed	278296.0436	Direct

Footnotes

F1: Not applicable.

F2: Includes the acquisition of 14.2261 shares in January 2004, 14.7825 shares in April 2004, 1532.8020 shares in May 2004, 22.5747 shares in July 2004 and 24.2248 shares in October 2004 under the Hewlett-Packard Company Share Ownership Plan in transactions exempt under Rule 16b-3.

F3: The Reporting Person holds an additional 21,168.0670 shares indirectly under the Hewlett-Packard Company 401(k) Plan ("HP 401(k) Plan"). The Reporting Person's indirect holdings include the acquisition of 9.938 shares in January 2004, 44.156 shares in April 2004 and 17.237 shares in October 2004 under the HP 401(k) Plan in acquisitions exempt under Rule 16b-3. The Reporting Person also holds 1,120 shares indirectly on behalf of his son.