HP INC — Director's Dealing 2011

Dec 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-12-14

Reporting Person: WHITMAN MARGARET C (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-14	Non-employee Stock Option (right to buy)	$26.38	A	636847	Acquired	2019-12-14	Common Stock (636847)	Direct
2011-10-05	Restricted Stock Units	$	A	34.1291	Acquired		Common Stock (34.1291)	Direct
2011-12-14	Restricted Stock Units	$	A	159212	Acquired		Common Stock (159212)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct
Common Stock	66	Indirect

Footnotes

F1: There is no reportable change since the last filing. This is a reiteration of holdings only.

F2: This option will vest 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date, in both cases subject to the satisfaction of certain stock price performance conditions prior to the fourth anniversary of the grant 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 04/25/11 the reporting person was granted 6,786 restricted stock units ("RSUs"), all of which will cliff vest on 04/25/12. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 34.1291 dividend equivalent rights being reported reflect 34.1291 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.

F6: On 12/14/11 the reporting person was granted 159,212 restricted stock units ("RSUs"), 53,070 of which will vest on 12/12/12, and 53,071 of which will vest on each of 12/12/13 and 12/12/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.