HP INC — Director's Dealing 2011

Dec 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-12	Non-employee Stock Option (right to buy)	$27.34	A	30728	Acquired	2019-12-12	Common Stock (30728)	Direct
2011-12-12	Restricted Stock Units	$	A	20483	Acquired		Common Stock (20483)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	67079.2079	Direct
Common Stock	11741.0316	Indirect

Footnotes

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

F2: These shares were held indirectly under the Issuer's 401(k) Plan as of 11/30/11. 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.

F3: This option will become exercisable in three annual installments beginning on this date.

F4: This option is no longer exercisable beginning on this date.

F5: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F6: On 12/12/11 the reporting person was granted 20,483 restricted stock units ("RSUs"), 6,827 of which will vest on 12/12/12, and 6,828 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.