HP INC — Director's Dealing 2011

Jun 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-06-27

Reporting Person: JOSHI VYOMESH (EVP IPG)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-06	Restricted Stock Units	$	A	23.3919	Acquired		Common Stock (23.3919)	Direct
2011-04-06	Restricted Stock Units	$	A	68.8373	Acquired		Common Stock (68.8373)	Direct
2011-06-27	Restricted Stock Units	$	A	114352	Acquired		Common Stock (114352)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	150823.7376	Direct
Common Stock	1475	Indirect
Common Stock	68533	Indirect
Common Stock	0	Indirect
Common Stock	0	Indirect
Common Stock	50000	Indirect
Common Stock	50000	Indirect

Footnotes

F1: The total includes the acquisition of 14.7016 shares at $41.2068 per share received on 04/06/11 through dividends paid under the HP Share Ownership Plan ("SOP") with respect to shares held under the SOP.

F2: There is no reportable change since the last filing. This is a reiteration of holdings only.

F3: The total indirect beneficial ownership reflects an increase of 60,000 shares due to the transfer of 11,530 shares from each of the Vyomesh I. Joshi 2009 GRAT and the Uma V. Joshi 2009 GRAT into the 2001 Joshi Living Trust Account on 02/28/11 and 18,470 shares from each of Vyomesh I. Joshi 2009 GRAT and the Uma V. Joshi 2009 GRAT into the 2001 Joshi Living Trust Account on 06/03/11.

F4: The total indirect beneficial ownership reflects a decrease of 30,000 shares due to the transfer of 11,530 shares to the 2001 Joshi Living Trust Account on 02/28/11, and 18,470 shares to the 2001 Joshi Living Trust Account on 06/03/11.

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

F6: As previously reported, on 12/10/09 the reporting person was granted 24,081 restricted stock units ("RSUs"), 12,040 of which vested on 12/10/10 and 12,041 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 23.3919 dividend equivalent rights being reported reflect 23.3919 dividend equivalent rights at $41.18 per RSU credited to the reporting person's account on 04/06/11.

F7: As previously reported, on 12/10/10 the reporting person was granted 35,434 restricted stock units ("RSUs"), 17,717 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 68.8373 dividend equivalent rights being reported reflect 68.8373 dividend equivalent rights at $41.18 per RSU credited to the reporting person's account on 04/06/11.

F8: On 06/27/11 the reporting person was granted 114,352 restricted stock units ("RSUs") which will vest on 06/27/15 subject to acceleration based on certain stock performance conditions. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.