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: HAMMERGREN JOHN H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-20	Restricted Stock Units	$	A	11220	Acquired		Common Stock (11220)	Direct
2012-01-04	Restricted Stock Units	$	A	65.6	Acquired		Common Stock (65.6)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct
Common Stock	18041	Indirect

Footnotes

F1: The total direct beneficial ownership reflects a decrease of 1,000 shares due to the transfer of 1,000 shares into the Reporting Person's family trust on 12/12/11.

F2: The total indirect beneficial ownership reflects an increase of 1,000 shares due to the transfer of 1,000 shares previously reported as being held directly by the Reporting Person into the Reporting Person's family trust on 12/12/11.

F3: Each restricted stock unit represents a contingent right to receive one share of HP common stock.

F4: On 04/20/12 the Reporting Person was granted 11,220 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.

F5: As previously reported, on 04/25/11 the Reporting Person was granted 6,786 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 65.6000 dividend equivalent rights being reported reflect 30.5905 dividend equivalent rights at $26.62 per RSU credited to the Reporting Person's account on 01/04/12; and 35.0095 dividend equivalent rights at $23.26 per RSU credited to the Reporting Person's account on 04/04/12.