INTEL CORP - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2004-01-28

Reporting Person: VADASZ LESLIE L (DIRECTOR EMERITUS)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-28	COMMON	M	10000	$17.42	Acquired	226904	Direct
2004-01-28	COMMON	S	100	$32.16	Disposed	226804	Direct
2004-01-28	COMMON	M	72000	$19.00	Acquired	298804	Direct
2004-01-28	COMMON	S	49900	$32.10	Disposed	248904	Direct
2004-01-28	COMMON	S	1000	$32.07	Disposed	247904	Direct
2004-01-28	COMMON	S	100	$32.06	Disposed	247804	Direct
2004-01-28	COMMON	S	48900	$32.05	Disposed	198904	Direct
2004-01-28	COMMON	M	68000	$20.23	Acquired	266904	Direct
2004-01-28	COMMON	S	25000	$32.00	Disposed	241904	Direct
2004-01-28	COMMON	S	5974	$31.99	Disposed	235930	Direct
2004-01-28	COMMON	S	19026	$31.95	Disposed	216904	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-28	Employee Stock Option (right to buy)	$17.42	M	10000	Disposed	2004-06-01	COM.STK (10000)	Direct
2004-01-28	Employee Stock Option (right to buy)	$19.00	M	72000	Disposed	2004-06-01	COM.STK (72000)	Direct
2004-01-28	Employee Stock Option (right to buy)	$20.23	M	68000	Disposed	2004-06-01	COM.STK (68000)	Direct

Security	Shares	Ownership
COMMON	5188327	Indirect

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