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: REINER GARY M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Nonemployee Stock Option (Right to Buy)	$24.51	A	23747	Acquired	2022-04-20	Common Stock (23747)	Direct
2012-04-20	Restricted Stock Units	$	A	5610	Acquired		Common Stock (5610)	Direct
2011-04-25	Restricted Stock Units	$	A	61.112	Acquired		Common Stock (61.112)	Direct

Footnotes

F1: These options were acquired under the Issuer's Amended and Restated 2004 Stock Incentive Plan.

F2: This option will cliff vest and become exercisable beginning on this date.

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

F4: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F5: On 04/20/12 the Reporting Person was granted 5,610 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.

F6: As previously reported, on 04/25/11 the Reporting Person was granted 3,393 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 61.1120 dividend equivalent rights being reported reflect 11.2475 dividend equivalent rights at $36.20 per RSU credited to the Reporting Person's account on 07/06/11; 17.0645 dividend equivalent rights at $23.86 per RSU credited to the Reporting Person's account on 10/05/11; 15.2953 dividend equivalent rights at $26.62 per RSU credited to the Reporting Person's account on 01/04/12; and 17.5047 dividend equivalent rights at $23.26 per RSU credited to the Reporting Person's account on 04/04/12.