HP INC — Director's Dealing 2007

May 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2007-05-24

Reporting Person: HURD MARK V (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-24	Common Stock	S	900	$45.80	Disposed	500322	Direct
2007-05-24	Common Stock	S	1000	$45.81	Disposed	499322	Direct
2007-05-24	Common Stock	S	600	$45.82	Disposed	498722	Direct
2007-05-24	Common Stock	S	700	$45.84	Disposed	498022	Direct
2007-05-24	Common Stock	S	1700	$45.85	Disposed	496322	Direct
2007-05-24	Common Stock	S	1000	$45.86	Disposed	495322	Direct

Footnotes

F1: This is the thrid of three Form 4's to be filed, as the number of transactions reported on Table 1 exceeded the number of lines available on the first and second forms.

F2: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 23, 2007.