SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BOUCHARD GILLES

(Last)

(First)

(Middle)

C/O HEWLETT-PACKARD CO

3000 HANOVER STREET

(Street)

PALO ALTO

94304

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/16/2004

3. Issuer Name and Ticker or Trading Symbol
HEWLETT PACKARD CO [ HPQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive Vice President,		Chief Information Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	19,033.225	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option⁽¹⁾	11/17/1999	11/16/2004	Common Stock	3,070	$7.88	D
Stock Option⁽²⁾	11/17/1996	11/16/2005	Common Stock	3,326	$17.57	D
Stock Option⁽³⁾	11/20/1998	11/19/2007	Common Stock	2,558	$24.125	D
Stock Option⁽⁴⁾	02/12/2000	02/11/2009	Common Stock	14,078	$29.63	D
Stock Option⁽⁵⁾	02/15/2001	02/14/2010	Common Stock	67,190	$48.495	D
Stock Option⁽⁶⁾	06/05/2005	06/04/2010	Common Stock	200	$59.58	D
Stock Option⁽⁷⁾	06/19/2001	06/18/2010	Common Stock	50,000	$58.365	D
Stock Option⁽⁸⁾	02/26/2002	02/25/2011	Common Stock	47,000	$30.09	D
Stock Option⁽⁹⁾	11/09/2002	11/08/2011	Common Stock	37,500	$18.8	D
Stock Option⁽¹⁰⁾	01/31/2003	01/30/2012	Common Stock	65,000	$21.75	D
Stock Option⁽¹¹⁾	04/16/2004	04/15/2011	Common Stock	50,000	$15.745	D

Explanation of Responses:

1. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 1990 Stock Option Plan complying with Rule 16b-3. This option became fully vested on 11/17/1999.

2. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 1990 Stock Option Plan complying with Rule 16b-3. This option became fully vested on 11/17/1999.

3. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 1990 Stock Option Plan complying with Rule 16b-3. This option became fully vested on 11/20/2000.

4. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 1995 Stock Option Plan complying with Rule 16b-3. This option became fully vested on 02/12/2002.

5. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually on 02/15/2001.

6. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option will become fully exercisable after the fifth year.

7. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually on 06/19/2001.

8. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually on 02/26/2002.

9. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually on 11/09/2002.

10. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually on 01/31/2003.

11. Right to buy Hewlett-Packard Company common stock granted under the Hewlett-Packard Company 2000 Stock Option Plan complying with Rule 16b-3. This option will become exercisable in 25% increments annually on 04/16/2004.

	Gilles Bouchard	01/23/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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