HP INC — Director's Dealing 2011

Jan 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2011-01-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	Common Stock	S	54542	$45.00	Disposed	2858.3539	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Restricted Stock Units	$	A	18.637	Acquired		Common Stock (18.637)	Direct
2010-12-30	Restricted Stock Units	$	A	17.0961	Acquired		Common Stock (17.0961)	Direct
2010-12-30	Restricted Stock Units	$	A	44.6664	Acquired		Common Stock (44.6664)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	78749	Indirect

Footnotes

F1: The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/07/10.

F2: The total includes the acquisition of 3.7196 shares at $42.22 per share received on 12/30/10 through dividends paid in shares.

F3: The total direct beneficial ownership reflects an increase of 6,669 shares due to the transfer of 6,669 shares from the reporting person's total indirect beneficial ownership in his Joint Living Trust with the reporting person's spouse on 01/07/11.

F4: The total indirect beneficial ownership reflects a decrease of 6,669 shares due to the transfer of 6,669 shares previously reported as being held indirectly by the reporting person in his Family Trust with the reporting person's spouse to his direct beneficial ownership on 01/07/11.

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

F6: As previously reported, on 01/15/09 the reporting person was granted 19,690 restricted stock units ("RSUs"), 9,845 of which vested on 01/15/10, and 9,845 of which will vest on 01/15/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned in column 9 includes 18.6370 dividend equivalent rights at $42.26 per RSU credited to the reporting person's account on 12/30/10.

F7: 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 number of derivative securities beneficially owned in column 9 includes 17.0961 dividend equivalent rights at $42.26 per RSU credited to the reporting person's account on 12/30/10.

F8: 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 number of derivative securities beneficially owned in column 9 includes 44.6664 dividend equivalent rights at $42.26 per RSU credited to the reporting person's account on 12/30/10.