HP INC — Director's Dealing 2012

May 25, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2012-05-17

Reporting Person: SCHULTZ JOHN F (EVP, GC & SEC)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32405.5463	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$45.75	2016-09-17	Common Stock (50000)		Direct
Employee Stock Option (right to buy)	$23.59	2019-09-27	Common Stock (13190)		Direct
Employee Stock Option (right to buy)	$28.41	2019-12-07	Common Stock (15000)		Direct
Employee Stock Option (right to buy)	$22.03	2020-05-16	Common Stock (48000)		Direct
Restricted Stock Units	$		Common Stock (4087.6679)		Direct
Restricted Stock Units	$		Common Stock (8548.4925)		Direct
Restricted Stock Units	$		Common Stock (15145.0044)		Direct
Restricted Stock Units	$		Common Stock (12000)		Direct

Footnotes

F1: This option became exercisable in four equal annual installments beginning on this date.

F2: This option will become exercisable in three annual installments beginning on this date.

F3: This option is no longer exercisable beginning on this date.

F4: This option will vest 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date, in both cases subject to the satisfaction of certain stock price performance conditions prior to the fourth anniversary of the grant date.

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

F6: On 12/10/10 the reporting person was granted 6,000 restricted stock units ("RSUs"), 2,000 of which vested on 12/10/11, and 2,000 of which will vest on each of 12/10/12 and 12/10/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported in Column 3 includes 87.6679 dividend equivalent rights accrued but not released since the grant date. The RSUs that vested on 12/10/11 included vested dividend equivalent rights accrued since the grant date and were delivered to the reporting person.

F7: On 08/01/11 the reporting person was granted 11,240 restricted stock units ("RSUs"), 2,810 of which vested on 10/31/11, and 5,620 of which will vest on 10/31/12, and 2,810 of which which will vest on 04/30/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported in Column 3 includes 118.4925 dividend equivalent rights accrued but not released since the grant date. The RSUs that vested on 10/31/11 included vested dividend equivalent rights accrued since the grant date and were delivered to the reporting person.

F8: On 12/07/11 the reporting person was granted 15,000 restricted stock units ("RSUs"), 5,000 of which will vest on each of 12/07/12, 12/07/13 and 12/07/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported in Column 3 includes 145.0044 dividend equivalent rights accrued but not released since the grant date.

F9: On 05/16/12 the reporting person was granted 12,000 restricted stock units ("RSUs"), 4,000 of which will vest on each of 05/16/13, 05/16/14 and 05/16/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.