INTEL CORP — Director's Dealing 2003

Oct 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2003-10-20

Reporting Person: HUNDT REED E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-20	COMMON	P	1000	$32.00	Acquired	4000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Share Units	$0	1988-08-08	COM.STK (0)	4838	Direct

Footnotes

F1: Conversion rate is 1-for-1. New SEC software requires a dollar amount; use zeros per SEC.

F2: Date Exercisable and Expiration Date are the reporting officers retirement date which is currently unknown. These are required reportable fields; use 8/8/1988 for both dates per SEC.

F3: New SEC software requires a dollar amount; use zeros per SEC

F4: Mr. Hundt holds 65,000 options with the right to buy Intel Corporation common stock.