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HP INC Director's Dealing 2004

Jul 20, 2004

30213_dirs_2004-07-19_e14b8fb5-93e4-4c23-bee0-b1eee5bd5679.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-07-16

Reporting Person: Humphries Brian (Vice President,, Investor Relations)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 150 Direct
Common Stock 1349.142 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $39.74 2009-12-07 Common Stock (1265) Direct
Stock Option $43.29 2010-05-14 Common Stock (4427) Direct
Stock Option $34 2010-11-29 Common Stock (3162) Direct
Stock Option $28.62 2010-12-12 Common Stock (2530) Direct
Stock Option $23.63 2011-07-30 Common Stock (3162) Direct
Stock Option $15.48 2011-12-12 Common Stock (5008) Direct
Stock Option $15.745 2011-04-15 Common Stock (6000) Direct
Stock Option $21.695 2011-10-28 Common Stock (3000) Direct
Stock Option $22.015 2012-03-17 Common Stock (5700) Direct

Footnotes

F1: Received on March 20, 2002 in exchange for shares of Compaq Computer Corporation ("Compaq") in connection with the merger of a subsidiary of Hewlett-Packard Company ("HP") with and into Compaq, based on an exchange ratio of 0.6325 shares of HP common stock for each share of Compaq common stock. This option was accelerated and became fully exercisable on March 20, 2002.

F2: Predecessor Compaq originally granted this option on 12/13/01. This option became exercisable in monthly increments of .020833 beginning on 1/13/02.

F3: Right to buy Hewlett-Packard Company common stock granted under the 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually beginning on 4/16/04.

F4: Right to buy Hewlett-Packard Company common stock granted under the 2000 Stock option Plan complying with Rule 16b-3. This option will become exercisable in 25% increments annually beginning on 10/29/04.

F5: Right to buy Hewlett-Packard Company common stock granted under the 2000 Stock Option Plan complying with Rule 16b-3. This option will become exercisable in 25% increments annually beginning on 3/18/04.