HP INC — Director's Dealing 2011

Jul 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-07-23

Reporting Person: ZADAK JAN (EVP, GS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-23	Common Stock	M	6827	$36.70	Acquired	10976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-23	Restricted Stock Units	$	M	6827	Disposed		Common Stock (6827)	Direct

Footnotes

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

F2: As previously reported, on 07/23/08 the reporting person was granted 20,000 restricted stock units ("RSUs"), 6,666 of which vested on 07/23/09, 6,667 of which vested on 07/23/10, and 6,667 of which vested on 07/23/11. 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 5 includes 160 vested dividend equivalent rights and a deminimus adjustment of 0.2348 due to fractional rounding of the dividend equivalent rights.