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HP INC Director's Dealing 2005

Apr 27, 2005

30213_dirs_2005-04-26_fcec488a-8873-46f9-8836-b27b36649c69.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: 2005-04-22

Reporting Person: WINKLER MICHAEL J (EVP & Chief Marketing Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-04-22 Common Stock M 38 $21.80 Acquired 60501.2422 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-04-22 Phantom Stock $ M 38 Disposed Common Stock (38) Direct
2005-04-22 Phantom Stock $ I 0.513 Disposed Common Stock (0.513) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 460.9830 Indirect

Footnotes

F1: Represents the reporting person's holdings under the Hewlett-Packard Company 401(k) Plan as of March 31, 2005.

F2: 1-for-1

F3: Not applicable.