INTEL CORP — Director's Dealing 2007

Apr 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2007-04-20

Reporting Person: OTELLINI PAUL S (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-20	COMMON	M	128000	$17.42	Acquired	833148	Direct
2007-04-20	COMMON	S	128000	$21.887	Disposed	705148	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-20	Employee Option (right to buy)	$17.42	M	128000	Disposed	2007-04-22	COM.STK (128000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	700	Indirect
COMMON	2737	Indirect
COMMON	1345	Indirect

Footnotes

F1: Mr. Otellini also holds 90,000 Restricted Stock Units.