INTEL CORP — Director's Dealing 2007

Apr 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2007-04-26

Reporting Person: SHAW JANE E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-26	COMMON	M	20000	$20.45	Acquired	20000	Direct
2007-04-26	COMMON	S	20000	$22.13	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-26	Employee Option (right to buy)	$20.45	M	20000	Disposed	2007-05-21	CMN.STK (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	165950	Indirect

Footnotes

F1: Includes 310 shares acquired under the Intel Corporation Direct Stock Purchase and Dividend Reinvestment Plan during December 2006 and March 2007.

F2: Dr. Shaw also holds 8,470 restricted stock units and owns directly 16,774 phantom share units acquired under the Deferral Plan for Outside Directors.