INTEL CORP — Director's Dealing 2008

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2008-02-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-29	COMMON	M	128000	$19.00	Acquired	846082.7535	Direct
2008-02-29	COMMON	S	6500	$20.02	Disposed	839582.753	Direct
2008-02-29	COMMON	S	6500	$20.05	Disposed	833082.753	Direct
2008-02-29	COMMON	S	6500	$20.08	Disposed	826582.753	Direct
2008-02-29	COMMON	S	13000	$20.10	Disposed	813582.753	Direct
2008-02-29	COMMON	S	5000	$20.11	Disposed	808582.753	Direct
2008-02-29	COMMON	S	5000	$20.12	Disposed	803582.753	Direct
2008-02-29	COMMON	S	19500	$20.13	Disposed	784082.753	Direct
2008-02-29	COMMON	S	26500	$20.15	Disposed	757582.753	Direct
2008-02-29	COMMON	S	20000	$20.17	Disposed	737582.753	Direct
2008-02-29	COMMON	S	13000	$20.20	Disposed	724582.753	Direct
2008-02-29	COMMON	S	6500	$20.38	Disposed	720685.81	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	COMMON	$19.00	M	128000	Disposed	2008-04-14	COM.STK (128000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	700	Indirect
COMMON	1363.801	Indirect
COMMON	2774.8767	Indirect

Footnotes

F1: Includes 1,046 shares acquired under the Intel Corporation Stock Purchase Plan during February 2008. Also includes 1,816.8259 shares acquired under the Alex Brown Dividend Reinvestment Program in December 2007.

F2: Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned on January 30, 2008 that are intended to comply with Rule 10b5-1(c).

F3: Includes 2,603.0563 shares acquired under the Alex Brown Dividend Reinvestment Program in March 2008.

F4: Mr. Otellini holds 78,750 restricted stock units.