HP INC — Director's Dealing 2009

Jan 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2009-01-15

Reporting Person: Murrin James T (SVP, Controller & PAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-01-15	Common Stock	A	6039	—	Acquired	61215	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11211	Indirect

Footnotes

F1: Represents 6,039 comprised of (i) 6,020 unvested restricted stock units ("RSUs") that were granted pursuant to a Rule 16b-3 qualified plan to the Reporting Person on 01/15/09 and that vest 3,010 RSUs on each of 01/15/10 and 01/15/11, and (ii) 19.8288 dividends @ $38.5667 from 01/07/09.

F2: These shares were held indirectly under the Issuer's 401(k) Plan as of 12/31/08. Fidelity Investments Institutional Services Company, Inc. accounts for holdings in the stock fund in units, comprised of stock and cash reserves. The shares reported represent an approximate value based upon the fund balance and market value of Issuer's common stock.