INTEL CORP — Director's Dealing 2004

Apr 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-04-15

Reporting Person: DUNLAP F THOMAS JR (Sr. Vice Pres & Gen. Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-15	Employee Option (right to buy)	$27.00	A	25000	Acquired	2014-04-15	COM.STK (25000)	Direct
2004-04-15	Employee Option (right to buy)	$27.00	A	25000	Acquired	2014-04-15	COM.STK (25000)	Direct
2004-04-15	Employee Option (right to buy)	$27.00	A	25000	Acquired	2014-04-15	COM.STK (25000)	Direct
2004-04-15	Employee Option (right to buy)	$27.00	A	25000	Acquired	2014-04-15	COM.STK (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	200294	Indirect
COMMON	100	Indirect
COMMON	100	Indirect
COMMON	40000	Indirect

Footnotes

F1: Includes 999 shares acquired under the Intel Corporation Stock Participation Plan during February, 2004.

F2: The Reporting Person disclaims beneficial ownership of INTC common stock held by Family Limited Partnership except to the extent of his pecuniary interest therein.

F3: Not a required reportable field. SEC software requires a dollar amount; use zero per SEC.