HP INC — Director's Dealing 2011

Dec 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-12-10

Reporting Person: JOSHI VYOMESH (EVP IPG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-10	Common Stock	M	30203	$27.90	Acquired	41479.1264	Direct
2011-12-10	Common Stock	F	14101	$27.90	Disposed	27378.1264	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-10	Restricted Stock Units	$	M	12269	Disposed		Common Stock (12269)	Direct
2011-12-10	Restricted Stock Units	$	M	17934	Disposed		Common Stock (17934)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	280064	Indirect
Common Stock	14380	Indirect
Common Stock	14380	Indirect
Common Stock	1475	Indirect

Footnotes

F1: The total indirect beneficial ownership reflects an increase of 71,240 shares due to the transfer of 35,620 shares previously reported as being held indirectly by each of the reporting person and his spouse into their 2001 Joshi Living Trust Account on 12/06/11.

F2: The total indirect beneficial ownership for the reporting person and his spouse reflects a decrease due to the transfer of 35,620 shares from each of their 2010 GRATs into the reporting person's Joint Living Trust with his spouse on 12/06/11.

F3: There is no reportable change since the last filing. This is a reiteration of holdings only.

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

F5: As previously reported, on 12/10/09 the reporting person was granted 24,081 restricted stock units ("RSUs"), 12,040 of which vested on 12/10/10 and 12,041 of which vested 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 5 includes 228 vested dividend equivalent rights and a deminimus adjustment of 0.3408 due to fractional rounding of the dividend equivalent rights.

F6: As previously reported, on 12/10/10 the reporting person was granted 35,434 restricted stock units ("RSUs"), 17,717 of which vested on 12/10/11 and 17,717 of which will vest on 12/10/12. 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 5 includes 217 vested dividend equivalent rights and a deminimus adjustment of 0.4142 due to fractional rounding of the dividend equivalent rights.