HP INC — Director's Dealing 2011

Dec 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-12-02

Reporting Person: HAMMERGREN JOHN H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-02	Common Stock	P	1000	$28.2075	Acquired	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-06	Restricted Stock Units	$	A	56.6241	Acquired		Common Stock (56.6241)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17041	Indirect

Footnotes

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

F2: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F3: 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 56.6241 dividend equivalent rights being reported reflect 22.4950 dividend equivalent rights at $36.20 per RSU credited to the reporting person's account on 07/06/11, and 34.1291 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.