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: DONATELLI DAVID A (EVP & GM, ESSN & TS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-31	Common Stock	M	21586	$26.61	Acquired	37894	Direct
2011-10-31	Common Stock	F	8076	$26.61	Disposed	29818	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-05	Restricted Stock Units	$	A	100.5868	Acquired		Common Stock (100.5868)	Direct
2011-10-05	Restricted Stock Units	$	A	143.7787	Acquired		Common Stock (143.7787)	Direct
2011-10-31	Restricted Stock Units	$	M	21586	Disposed		Common Stock (21586)	Direct

Footnotes

F1: The total beneficial ownership includes an additional 6,308 shares to correct the initial balance previously reported for the reporting person as of 07/21/11.

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

F3: As previously reported, on 12/10/10 the reporting person was granted 20,000 restricted stock units ("RSUs"), 10,000 of which will vest on 12/10/11, and 10,000 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 100.5868 dividend equivalent rights being reported reflect 100.5868 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.

F4: As previously reported, on 06/27/11 the reporting person was granted 28,588 restricted stock units ("RSUs"), all of which will cliff vest on 06/27/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 143.7787 dividend equivalent rights being reported reflect 143.7787 dividend equivalent rights at $23.86 per RSU credited to the reporting person's account on 10/05/11.

F5: As previously reported, on 06/27/11 the reporting person was granted 85,764 restricted stock units ("RSUs"), 21,441 of which vested on 10/31/11, 42,882 of which will vest on 10/31/12, and 21,441 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 431.3361 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 0.6639 due to fractional rounding of the dividend equivalent rights.