SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ROBISON SHANE V

(Last)

(First)

(Middle)

C/O HEWLETT-PACKARD COMPANY

3000 HANOVER STEEET

(Street)

PALO ALTO

94304

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & CTO

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2008

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	04/14/2008		M		100,000	A	$21.765	159,637.7704⁽²⁾	D
Common Stock	04/14/2008		G	V	100,000	D	$0	59,637.7704	D
Common Stock								173,902	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		1,300	D	$45.23	172,602	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		6,400	D	$45.24	166,202	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		5,550	D	$45.25	160,652	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		5,271	D	$45.26	155,381	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		7,100	D	$45.27	148,281	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		1,700	D	$45.2725	146,581	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		2,400	D	$45.28	144,181	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		2,500	D	$45.29	141,681	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		2,000	D	$45.3	139,681	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		100	D	$45.305	139,581	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		200	D	$45.31	139,381	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		200	D	$45.315	139,181	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		2,400	D	$45.32	136,781	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		7,300	D	$45.33	129,481	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		3,400	D	$45.34	126,081	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		15,298	D	$45.35	110,783	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		300	D	$45.355	110,483	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		8,000	D	$45.36	102,483	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		6,195	D	$45.37	96,288	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		200	D	$45.375	96,088	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		3,500	D	$45.38	92,588	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		400	D	$45.3825	92,188	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		100	D	$45.385	92,088	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		2,700	D	$45.39	89,388	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		400	D	$45.395	88,988	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		8,200	D	$45.4	80,788	I	By Robison Family Trust
Common Stock	04/14/2008		S⁽³⁾		100	D	$45.4025	80,688	I	By Robison Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$21.765	04/14/2008		M			100,000	04/14/2006⁽⁴⁾	04/14/2013⁽⁵⁾	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. This is the first of two Form 4's to be filed, as the number of transactions reported on Table 1 exceeds the number of lines available on this form.

2. This balance reflects the transfer of 32,934 shares from direct ownership to indirect ownership by the Robison Family Trust on March 17, 2008.

3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2008.

4. This option became exercisable in four equal annual installments beginning on this date.

5. This option is no longer exercisable beginning on this date.

	/s/ David Ritenour, Attorney-in-Fact	04/16/2008
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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