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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 P4r6RZaQ/PPoVCOs6HDO9034y0x0HDlMygmoS66kiltAH4r+/To01gG/kHLYfgj6
 s3PM7rmYt1w2/DrX9Ext1w==

<SEC-DOCUMENT>0001005477-03-001048.txt : 20030515
<SEC-HEADER>0001005477-03-001048.hdr.sgml : 20030515
<ACCEPTANCE-DATETIME>20030514211246
ACCESSION NUMBER:		0001005477-03-001048
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030416
FILED AS OF DATE:		20030515

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FIORINA CARLETON S
		CENTRAL INDEX KEY:			0001198045

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04423
		FILM NUMBER:		03700859

	BUSINESS ADDRESS:	
		STREET 1:		CISCO SYSTEMS INC
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95134-1706

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HEWLETT PACKARD CO
		CENTRAL INDEX KEY:			0000047217
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER & OFFICE EQUIPMENT [3570]
		IRS NUMBER:				941081436
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		3000 HANOVER ST
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
		BUSINESS PHONE:		4158571501

	MAIL ADDRESS:	
		STREET 1:		3000 HANOVER ST
		STREET 2:		MS 20BL
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
    <periodOfReport>2003-04-16</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
<issuer>        <issuerCik>0000047217</issuerCik>
        <issuerName>HEWLETT PACKARD CO</issuerName>
<issuerTradingSymbol>HPQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
        <rptOwnerCik>0001198045</rptOwnerCik>
            <rptOwnerName>FIORINA CARLETON S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>1</isOther>
        <officerTitle>Chairman</officerTitle>
        <otherText>Chief Executive Officer</otherText>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeSecurity>
        <securityTitle>
            <value>Stock Option</value>
            <footnoteId id="F1"/>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>15.745</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-04-16</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>A</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>700000</value>
            </transactionShares>
            <transactionValue>
                <value>0</value>
                <footnoteId id="F2"/>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>2004-04-16</value>
        </exerciseDate>
        <expirationDate>
            <value>2011-04-15</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>700000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>700000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">Right to buy Hewlett-Packard Company common stock granted under the 2000 Stock Option Plan complying with Rule 16b-3. This option will become exercisable in 25% increments annually beginning on 4/16/04.</footnote>
        <footnote id="F2">Until the system is modified, a "0" is used as an incorrect placeholder in column 8.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Charles N. Charnas, Attorney-in-Fact</signatureName>
        <signatureDate>2003-05-14</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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