INTEL CORP — Director's Dealing 2004

Feb 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-01-30

Reporting Person: VADASZ LESLIE L (DIRECTOR EMERITUS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-30	COMMON	M	144000	$5.71	Acquired	360904	Direct
2004-01-30	COMMON	S	40000	$30.50	Disposed	320904	Direct
2004-01-30	COMMON	S	19000	$30.52	Disposed	301904	Direct
2004-01-30	COMMON	S	1000	$30.55	Disposed	300904	Direct
2004-01-30	COMMON	S	1000	$30.57	Disposed	299904	Direct
2004-01-30	COMMON	S	18000	$30.58	Disposed	281904	Direct
2004-01-30	COMMON	S	1000	$30.60	Disposed	280904	Direct
2004-01-30	COMMON	S	19000	$30.62	Disposed	261904	Direct
2004-01-30	COMMON	S	1000	$30.64	Disposed	260904	Direct
2004-01-30	COMMON	M	144000	$7.67	Acquired	404904	Direct
2004-01-30	COMMON	M	62000	$17.42	Acquired	466904	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-30	Employee Stock Option (right to buy)	$5.71	M	144000	Disposed	2004-06-01	COM.STK (144000)	Direct
2004-01-30	Employee Stock Option (right to buy)	$7.67	M	144000	Disposed	2004-06-01	COM.STK (144000)	Direct
2004-01-30	Employee Stock Option (right to buy)	$17.42	M	62000	Disposed	2004-06-01	COM.STK (62000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	5188327	Indirect

Footnotes

F1: Column 8 is not a required reportable field. New SEC software requires a dollar amount; use zero per SEC.