HP INC — Director's Dealing 2012

Feb 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEWLETT PACKARD CO (HPQ)
CIK: 0000047217
Period of Report: 2012-01-27

Reporting Person: DONATELLI DAVID A (EVP & GM, ESSN & TS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-27	Common Stock	F	3731	$27.88	Disposed	31483	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-04	Restricted Stock Units	$	A	45.0789	Acquired		Common Stock (45.0789)	Direct
2012-01-04	Restricted Stock Units	$	A	128.8715	Acquired		Common Stock (128.8715)	Direct
2012-01-04	Restricted Stock Units	$	A	289.9609	Acquired		Common Stock (289.9609)	Direct
2012-01-04	Restricted Stock Units	$	A	346.2554	Acquired		Common Stock (346.2554)	Direct
2012-01-04	Restricted Stock Units	$	A	412.2104	Acquired		Common Stock (412.2104)	Direct

Footnotes

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

F2: As previously reported, on 12/10/10 the reporting person was granted 20,000 restricted stock units ("RSUs"), 10,000 of which vested on 12/10/11, and 10,000 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 45.0789 dividend equivalent rights being reported reflect 45.0789 dividend equivalent rights at $26.62 per RSU credited to the reporting person's account on 01/04/12.

F3: As previously reported, on 06/27/11 the reporting person was granted 28,588 restricted stock units ("RSUs"), all of which will cliff vest on 06/27/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 128.8715 dividend equivalent rights being reported reflect 128.8715 dividend equivalent rights at $26.62 per RSU credited to the reporting person's account on 01/04/12.

F4: As previously reported, on 06/27/11 the reporting person was granted 85,764 restricted stock units ("RSUs"), 21,441 of which vested on 10/31/11, 42,882 of which will vest on 10/31/12, and 21,441 of 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 289.9609 dividend equivalent rights being reported reflect 289.9609 dividend equivalent rights at $26.62 per RSU credited to the reporting person's account on 01/04/12.

F5: As previously reported, on 12/12/11 the reporting person was granted 76,811 restricted stock units ("RSUs"), 25,603 of which will vest on 12/12/12, and 25,604 of which will vest on each of 12/12/13 and 12/12/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 346.2554 dividend equivalent rights being reported reflect 346.2554 dividend equivalent rights at $26.62 per RSU credited to the reporting person's account on 01/04/12.

F6: As previously reported, on 12/12/11 the reporting person was granted 91,442 restricted stock units ("RSUs"), 30,480 of which will vest on 12/12/12, and 30,481 of which will vest on each of 12/12/13 and 12/12/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 412.2104 dividend equivalent rights being reported reflect 412.2104 dividend equivalent rights at $26.62 per RSU credited to the reporting person's account on 01/04/12.