HP INC — Director's Dealing 2007

Jan 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2007-01-23

Reporting Person: BRADLEY RICHARD TODD (EVP, PSG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-23	Common Stock	S	4385	$42.33	Disposed	183197.699	Direct
2007-01-23	Common Stock	S	3800	$42.34	Disposed	179397.699	Direct
2007-01-23	Common Stock	S	2628	$42.35	Disposed	176769.699	Direct
2007-01-23	Common Stock	S	1200	$42.36	Disposed	175569.699	Direct
2007-01-23	Common Stock	S	1200	$42.37	Disposed	174369.699	Direct
2007-01-23	Common Stock	S	800	$42.38	Disposed	173569.699	Direct
2007-01-23	Common Stock	S	900	$42.39	Disposed	172669.699	Direct
2007-01-23	Common Stock	S	2100	$42.40	Disposed	170569.699	Direct
2007-01-23	Common Stock	S	800	$42.41	Disposed	169769.699	Direct
2007-01-23	Common Stock	S	1400	$42.43	Disposed	168369.699	Direct
2007-01-23	Common Stock	U	515	$42.44	Disposed	167854.699	Direct
2007-01-23	Common Stock	S	700	$42.45	Disposed	167154.699	Direct
2007-01-23	Common Stock	S	2600	$42.47	Disposed	164554.699	Direct
2007-01-23	Common Stock	S	1400	$42.48	Disposed	163154.699	Direct
2007-01-23	Common Stock	S	2900	$42.50	Disposed	160254.699	Direct
2007-01-23	Common Stock	S	700	$42.51	Disposed	159554.699	Direct
2007-01-23	Common Stock	S	700	$42.52	Disposed	158854.699	Direct
2007-01-23	Common Stock	S	900	$42.54	Disposed	157954.699	Direct
2007-01-23	Common Stock	S	200	$42.56	Disposed	157754.699	Direct
2007-01-23	Common Stock	S	1000	$42.57	Disposed	156754.699	Direct
2007-01-23	Common Stock	S	1400	$42.58	Disposed	155354.699	Direct
2007-01-24	Common Stock	S	10622	$42.74	Disposed	144732.699	Direct

Footnotes

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

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2006.