HP INC — Director's Dealing 2012

Apr 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2012-04-20

Reporting Person: RUSSO PATRICIA F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Restricted Stock Units	$	A	7140	Acquired		Common Stock (7140)	Direct
2011-07-06	Restricted Stock Units	$	A	77.7725	Acquired		Common Stock (77.7725)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F2: On 04/20/12 the Reporting Person was granted 7,140 restricted stock units ("RSUs"), all of which will cliff vest on 04/20/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.

F3: As previously reported, on 04/25/11 the Reporting Person was granted 7,140 restricted stock units ("RSUs"), all of which will cliff vest on 04/25/12. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 77.7725 dividend equivalent rights being reported reflect 14.3138 dividend equivalent rights at $36.20 per RSU credited to the Reporting Person's account on 07/06/11; 21.7167 dividend equivalent rights at $23.86 per RSU credited to the Reporting Person's account on 10/05/11; 19.4651 dividend equivalent rights at $26.62 per RSU credited to the Reporting Person's account on 01/04/12; and 22.2769 dividend equivalent rights at $23.26 per RSU credited to the Reporting Person's account on 04/04/12.