HP INC — Director's Dealing 2011

Aug 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-08-22

Reporting Person: Murrin James T (SVP, Controller & PAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-22	Common Stock	M	30000	$17.8799	Acquired	92140.2071	Direct
2011-08-22	Common Stock	S	30000	$24.61	Disposed	62140.2071	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-22	Employee Stock Option (right to buy)	$17.8799	M	30000	Disposed	2011-10-19	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11676.6328	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $24.61 to 24.615. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares sold at each price within the range.

F2: These shares were held indirectly under the Issuer's 401(k) Plan as of 07/29/11. Fidelity Investments Institutional Services Company, Inc. accounts for holdings in the stock fund in units, comprised of stock and cash reserves. The shares reported represent an approximate value based upon the fund balance and market value of Issuer's common stock.

F3: There is no reportable change since the last filing. This is a reiteration of holdings only.

F4: This option became exercisable 100% beginning on this date.