HP INC — Director's Dealing 2011

Aug 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-08-01

Reporting Person: McMullen John N (SVP & Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-06	Restricted Stock Units	$	A	6.3302	Acquired		Common Stock (6.3302)	Direct
2011-04-06	Restricted Stock Units	$	A	14.9001	Acquired		Common Stock (14.9001)	Direct
2011-08-01	Restricted Stock Units	$	A	5600	Acquired		Common Stock (5600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8625	Direct

Footnotes

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

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

F3: As previously reported, on 12/10/09 the reporting person was granted 2,408 restricted stock units ("RSUs"), 1,204 of which vested on 12/10/10 and 1,204 of which will vest on 12/10/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 6.3302 dividend equivalent rights being reported reflect 2.3390 dividend equivalent rights at $41.18 per RSU credited to the reporting person's account on 04/06/11, and 3.9912 dividend equivalent rights at $36.20 per RSU credited to the reporting person's account on 07/06/11.

F4: As previously reported, on 12/10/10 the reporting person was granted 2,834 restricted stock units ("RSUs"), 1,417 of which will vest on each of 12/10/11 and 12/10/12. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 14.9001 dividend equivalent rights being reported reflect 5.5056 dividend equivalent rights at $41.18 per RSU credited to the reporting person's account on 04/06/11, and 9.3945 dividend equivalent rights at $36.20 per RSU credited to the reporting person's account on 07/06/11.

F5: On 08/01/11 the reporting person was granted 5,600 restricted stock units ("RSUs"), 1,400 of which will vest on 10/31/11, 2,800 of which will vest on 10/31/12, and 1,400 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.