HP INC — Director's Dealing 2005

Feb 10, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2004-11-15

Reporting Person: BASKINS ANN O (Sr. VP, Gen. Counsel and Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-15	COMMON STOCK	M	10238	$7.39	Acquired	54712.4314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-15	STOCK OPTION	$7.39	X	10238	Disposed	2004-11-17	COMMON STOCK (10238)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	2684.7920	Indirect
COMMON STOCK	5620	Indirect

Footnotes

F1: 10,238 shares were omitted from the Reporting Person's Form 4 filed on December 16, 2004.

F2: Includes the acquisition of 14.5065 shares in January 2004, and 15.0738 shares in April 2004, 1,532.8020 shares in May 2004,
22.9015 shares in July 2004 and 24.5752 shares in October 2004 under the Hewlett-Packard Company Share Ownership Plan in
transactions exempt under Rule 16b-3.

F3: Represents the Reporting Person's holdings under the Hewlett-Packard Company 401(k) Plan as of October 31, 2004.

F4: Not applicable.