HP INC — Director's Dealing 2009

Aug 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2009-08-21

Reporting Person: McMullen John N (SVP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-21	Common Stock	S	940	$44.44	Disposed	12000.5831	Direct
2009-08-24	Common Stock	M	18975	$39.74	Acquired	30975.5831	Direct
2009-08-24	Common Stock	S	18900	$45.00	Disposed	12075.5831	Direct
2009-08-24	Common Stock	S	75	$45.04	Disposed	12000.5831	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-24	Employee Stk Option (right to buy)	$39.74	M	18975	Disposed	2009-12-08	Common Stock (18975)	Direct

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 06/05/09. The total beneficial ownership includes 1.9293 shares at $38.9202 per share received through dividends paid in shares held under the HP Share Ownership Plan ("SOP") on 07/01/09 with respect to shares held under the SOP. This transaction under the SOP is exempt pursuant to Rule 16b-3.

F2: This option became exercisable beginning on this date.