HP INC — Director's Dealing 2010

Apr 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2010-04-12

Reporting Person: BRADLEY RICHARD TODD (EVP, PSG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-12	Common Stock	M	7500	$23.765	Acquired	42945	Direct
2010-04-12	Common Stock	S	7500	$53.78	Disposed	35445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-12	Employee Stock Option (right to buy)	$23.765	M	7500	Disposed	2013-06-14	Common Stock (7500)	Direct
2010-04-07	Restricted Stock Units	$	A	21.55	Acquired		Common Stock (21.55)	Direct
2010-04-07	Restricted Stock Units	$	A	48.2027	Acquired		Common Stock (48.2027)	Direct

Footnotes

F1: The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/03/09.

F2: This option became exercisable in four equal annual installments beginning on this date.

F3: This option is no longer exercisable beginning on this date.

F4: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F5: As previously reported, on 01/15/09 the reporting person was granted 28,710 restricted stock units ("RSUs"), 14,355 of which vested on 01/15/10, and 14,355 of which will vest on 01/15/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned in column 9 includes 21.5500 dividend equivalent rights at $53.29 per RSU credited to the reporting person's account on 04/07/10.

F6: As previously reported, on 12/10/09 the Reporting Person was granted 32,109 restricted stock units ("RSUs"), 16,054 of which will vest on 12/10/10 and 16,055 of which will vest on 12/10/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned in column 9 includes 48.2027 dividend equivalent rights at $53.29 per RSU credited to the reporting person's account on 04/07/10.