HP INC — Director's Dealing 2011

Sep 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-09-27

Reporting Person: Lane Raymond J. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-27	Non-employee Stock Option (right to buy)	$23.59	A	200000	Acquired	2019-09-27	Common Stock (200000)	Direct
2011-09-27	Non-employee Stock Option (right to buy)	$23.59	A	400000	Acquired	2019-09-27	Common Stock (400000)	Direct
2011-09-27	Non-employee Stock Option (right to buy)	$23.59	A	400000	Acquired	2019-09-27	Common Stock (400000)	Direct
2011-07-06	Restricted Stock Units	$	A	149.1713	Acquired		Common Stock (149.1713)	Direct
2011-07-06	Restricted Stock Units	$	A	22.495	Acquired		Common Stock (22.495)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Footnotes

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

F2: This option will become exercisable in three annual installments beginning on this date.

F3: This option will cliff vest and become exercisable beginning on this date subject to the satisfaction of certain stock price performance conditions.

F4: This option is no longer exercisable beginning on this date.

F5: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F6: As previously reported, on 11/01/10 the reporting person was granted 45,000 restricted stock units ("RSUs"), 15,000 of which will vest on 11/01/11, and 30,000 of which will vest on 11/01/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 149.1713 dividend equivalent rights being reported reflect 149.1713 dividend equivalent rights at $36.20 per RSU credited to the reporting person's account on 07/06/11.

F7: 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 22.4950 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.