INTEL CORP — Director's Dealing 2003

Oct 23, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2003-10-21

Reporting Person: BRYANT ANDY D (EXECUTIVE VICE PRESIDENT, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-21	COMMON	M	96000	$17.42	Acquired	191345	Direct
2003-10-21	COMMON	S	89500	$32.18	Disposed	101845	Direct
2003-10-21	COMMON	M	96000	$19.00	Acquired	197845	Direct
2003-10-21	COMMON	S	89500	$32.18	Disposed	108345	Direct
2003-10-21	COMMON	G	4714	—	Disposed	103631	Direct
2003-10-21	COMMON	G	600	—	Disposed	103031	Direct
2003-10-21	COMMON	S	1200	$32.18	Disposed	400	Indirect
2003-10-21	COMMON	G	600	—	Acquired	1000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-21	Employee Stock Option (right to buy)	$17.42	M	96000	Disposed	2007-04-22	COM.STK (96000)	Direct
2003-10-21	Employee Stock Option (right to buy)	$19.00	M	96000	Disposed	2008-04-14	COM STK (96000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	2372	Indirect
COMMON	1600	Indirect

Footnotes

F1: Gift to daughter.

F2: I disclaim beneficial ownership of these shares.

F3: Column 8 is not a required reportable field. New SEC software requires a dollar amount; use zero per SEC.