HP INC — Director's Dealing 2011

Nov 29, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-11-17

Reporting Person: Hinshaw John M (EVP, Global Tech)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$28.24	2019-11-15	Common Stock (164000)		Direct
Restricted Stock Units	$		Common Stock (54000)		Direct

Footnotes

F1: On 11/15/11 the reporting person was granted a non-qualified stock option to purchase 164,000 shares, of which 82,000 shares will vest and become exercisable on each of 11/14/12 and 11/14/13 subject to the satisfaction of certain stock price performance conditions. The options will be forfeited if the applicable performance conditions have not been met by the expiration date.

F2: This option is no longer exercisable beginning on this date.

F3: On 11/15/11 the reporting person was granted 54,000 restricted stock units ("RSUs"), 18,000 of which will vest on each of 11/15/12, 11/15/13 and 11/15/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.

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