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HP INC Director's Dealing 2004

Nov 13, 2004

30213_dirs_2004-11-12_fac7bc1d-cd1f-4830-922a-4abbc42220c9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-11-09

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-02-13 Common Stock G 224 Disposed 79956.7598 Direct
2004-11-09 Common Stock M 26000 $15.745 Acquired 105956.7598 Direct
2004-11-09 Common Stock S 26000 $20 Disposed 79956.7598 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-11-09 Employee Stock Option $15.74 M 26000 Disposed 2011-04-15 Common Stock (26000) Direct

Footnotes

F1: Not applicable.

F2: Includes the acquisition of 559.0190 shares in November 2003, 13.2686 shares in January 2004, 13.7874 shares in April 2004, 559.0190 shares in May 2004, 17.6576 shares in July 2004, 18.9480 shares in October 2004 under the Hewlett-Packard Company Share Ownership Plan in a transaction exempt under Rule 16b-3.

F3: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on September 2, 2004.

F4: This option became exercisable in 25% increments annually begining on April 16, 2004.