INTEL CORP — Director's Dealing 2007

Feb 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2007-01-31

Reporting Person: BAKER ROBERT JAYMES (SR VICE PRES, TECH & MFG GRP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-31	COMMON	M	32000	$17.42	Acquired	850699	Direct
2007-01-31	COMMON	S	32000	$20.75	Disposed	818699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-31	Employee Option (right to buy)	$17.42	M	32000	Disposed	2007-04-22	CMN.STK (32000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	1466	Indirect

Footnotes

F1: Mr. Baker also holds 21,250 restricted stock units.