HP INC — Director's Dealing 2007

Jun 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2007-06-14

Reporting Person: BRADLEY RICHARD TODD (EVP, PSG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-14	Common Stock	M	100000	$23.765	Acquired	243334	Direct
2007-06-14	Common Stock	S	4100	$45.35	Disposed	239234	Direct
2007-06-14	Common Stock	S	50300	$45.36	Disposed	188934	Direct
2007-06-14	Common Stock	S	600	$45.37	Disposed	188334	Direct
2007-06-14	Common Stock	S	2200	$45.38	Disposed	186134	Direct
2007-06-14	Common Stock	S	200	$45.39	Disposed	185934	Direct
2007-06-14	Common Stock	S	19400	$45.40	Disposed	166534	Direct
2007-06-14	Common Stock	S	400	$45.41	Disposed	166134	Direct
2007-06-14	Common Stock	S	100	$45.42	Disposed	166034	Direct
2007-06-14	Common Stock	S	7100	$45.43	Disposed	158934	Direct
2007-06-14	Common Stock	S	900	$45.44	Disposed	158034	Direct
2007-06-14	Common Stock	S	4300	$45.45	Disposed	153734	Direct
2007-06-14	Common Stock	S	1300	$45.46	Disposed	152434	Direct
2007-06-14	Common Stock	S	8100	$45.47	Disposed	144334	Direct
2007-06-14	Common Stock	S	100	$45.48	Disposed	144234	Direct
2007-06-14	Common Stock	S	900	$45.49	Disposed	143334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-14	Employee Stock Option (right to buy)	$23.765	M	100000	Disposed	2013-06-14	Common Stock (100000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2007.

F2: This option became exercisable in four equal annual installments beginning on this date.

F3: This option is no longer exercisable beginning on this date.