HP INC — Director's Dealing 2004

Apr 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-04-19

Reporting Person: DUNN PATRICIA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-19	Common Stock	A	9213	$21.71	Acquired	55576.7286	Direct

Footnotes

F1: Award of restricted stock granted under the 1997 Director Stock Plan complying with Rule 16b-3.

F2: Includes the acquisition of 61.5433 shares in July 2003, 69.2644 shares in October 2003, 60.5948 shares in January 2004, 61.8825 shares in April 2004 under the Hewlett-Packard Company Dividend Reinvestment Plan in a transaction exempt under Rule 16b-3.