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HP INC Director's Dealing 2004

Mar 22, 2004

30213_dirs_2004-03-22_b9c20eb6-6a54-49ea-911d-a5ad7aa2dfd8.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: 2004-03-18

Reporting Person: DUNN DEBRA L (Sr. Vice President,, Corporate Affairs)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-18	Stock Option	$22.015	A	75000	Acquired	2012-03-17	Common Stock (75000)	Direct

Footnotes

F1: Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option will become exercisable in 25% increments annually on March 18, 2005.

F2: Not applicable.