HP INC — Director's Dealing 2011

Nov 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-10-31

Reporting Person: Visentin Giovanni (EVP, HPES)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-31	Common Stock	M	7551	$26.61	Acquired	7551	Direct
2011-10-31	Common Stock	F	3260	$26.61	Disposed	4291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-05	Restricted Stock Units	$	A	56.8315	Acquired		Common Stock (56.8315)	Direct
2011-10-05	Restricted Stock Units	$	A	80.6957	Acquired		Common Stock (80.6957)	Direct
2011-10-31	Restricted Stock Units	$	M	7551	Disposed		Common Stock (7551)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F2: As previously reported, on 03/23/11 the reporting person was granted 11,300 restricted stock units ("RSUs"), 5,650 of which will vest on 03/23/12, and 5,650 will vest on 03/23/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 56.8315 dividend equivalent rights being reported reflect 56.8315 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.

F3: As previously reported, on 03/23/11 the reporting person was granted 16,045 restricted stock units ("RSUs"), 5,348 of which will vest on 03/23/12, 5,348 of which will vest on 03/23/13, and 5,349 of which will vest on 03/23/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 80.6957 dividend equivalent rights being reported reflect 80.6957 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.

F4: As previously reported, on 08/01/11 the reporting person was granted 30,000 restricted stock units ("RSUs"), 7,500 of which vested on 10/31/11, 15,000 of which will vest on 10/31/12, and 7,500 of which will vest on 04/30/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 9 includes 150.8801 vested dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11, and a deminimus adjustment of 0.1199 due to fractional rounding of the dividend equivalent rights.