HP INC — Director's Dealing 2011

Mar 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-03-02

Reporting Person: SALHANY LUCILLE S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-02	Common Stock	M	1860	$13.44	Acquired	38643.8037	Direct
2011-03-02	Common Stock	S	1860	$43.362	Disposed	36783.8037	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-02	Nonemployee Stock Option (Right to Buy)	$13.44	M	1860	Disposed	2011-04-26	Common Stock (1860)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $43.3600 to $43.3650. 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: This option cliff vested and became exercisable beginning on this date.