INTEL CORP — Director's Dealing 2004

Oct 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-10-15

Reporting Person: GROVE ANDREW S (Director, CHAIRMAN OF THE BOARD)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-15	COMMON	M	768000	$5.71	Acquired	8370368	Indirect
2004-10-15	COMMON	S	384000	$20.58	Disposed	7986368	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-15	Employee Option (Right to buy)	$5.71	M	768000	Disposed	2005-04-11	CMN STK (768000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	20	Direct
COMMON	3031	Indirect

Footnotes

F1: Not a required reportable field. SEC software requires a dollar amount; use zeros per SEC.