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: ROBISON SHANE V (EVP & Chief Strategy & Tech)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-06	Restricted Stock Units	$	A	17.5444	Acquired		Common Stock (17.5444)	Direct
2011-04-06	Restricted Stock Units	$	A	45.8378	Acquired		Common Stock (45.8378)	Direct
2011-06-27	Restricted Stock Units	$	A	114352	Acquired		Common Stock (114352)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct
Common Stock	81611	Indirect

Footnotes

F1: The total direct beneficial ownership includes the acquisition of 3.8091 shares at $41.28 per share received on 04/06/11 through dividends paid in shares.

F2: The total direct beneficial ownership reflects a decrease of 2,862 shares due to the transfer of 2,862 shares into the reporting person's Family Trust on 05/27/11.

F3: The total direct beneficial ownership reflects a de minimis reduction of 0.1630 fractional shares in connection with the transfer of shares to the reporting person's Family Trust on 05/27/11.

F4: The total indirect beneficial ownership reflects an increase of 2,862 shares due to the transfer of 2,862 shares previously reported as being held directly by the reporting person into the reporting person's Family Trust on 05/27/11.

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 18,061 restricted stock units ("RSUs"), 9,030 of which vested on 12/10/10 and 9,031 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 17.5444 dividend equivalent rights being reported reflect 17.5444 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 23,595 restricted stock units ("RSUs"), 11,797 of which will vest on 12/10/11 and 11,798 of which will vest on 12/10/12. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 45.8378 dividend equivalent rights being reported reflect 45.8378 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.