HP INC — Director's Dealing 2009

Sep 2, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2009-08-28

Reporting Person: DE ALONSO MARCELA PEREZ (EVP HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-28	Common Stock	M	62500	$31.50	Acquired	85284	Direct
2009-08-28	Common Stock	S	62500	$45.20	Disposed	22784	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-28	Employee Stk Option (right to buy)	$31.50	M	62500	Disposed	2014-01-23	Common Stock (62500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35550	Indirect

Footnotes

F1: The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 08/26/09.

F2: The total direct beneficial ownership reflects a reduction due to reporting person having transferred 35,550 shares into the joint account with her spouse on 05/08/09.

F3: Reflects the 35,550 shares transferred by the reporting person into a joint account with her spouse on 05/08/09.

F4: This option became exercisable in four equal annual installments beginning on this date.