HP INC — Director's Dealing 2004

Dec 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-12-01

Reporting Person: LIVERMORE ANN M (Executive Vice President,, HP Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-01	Common Stock	S	4800	$20.25	Disposed	43187.9847	Direct
2004-12-01	Common Stock	S	6472	$20.24	Disposed	39715.9847	Direct

Footnotes

F1: Includes the acquisition of 270.4945 shares in November 2003, 9.8577 shares in January 2004, 10.2432 shares in April 2004, 271.9977 in May 2004, 12.5594 shares in July 2004, 13.4771 shares in October 2004 under the Hewlett-Packard Company Share Ownership Plan in transactions exempt under Rule 16b-3.

F2: Includes the acquisition of 7.572 shares in January 2004, 35.661 shares in April 2004, 18.677 shares in October 2004 under the Hewlett-Packard Company 401(k) Plan in transactions exempt under Rule 16b-3.