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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* JOSHI VYOMESH (Last) (First) (Middle) C/O HEWLETT-PACKARD COMPANY 3000 HANOVER STREET (Street) PALO ALTO CA 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 IPG
	3. Date of Earliest Transaction (Month/Day/Year) 11/22/2010
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/22/2010		A		93,409(1)	A	$0	182,528.4242(2)	D
Common Stock	11/22/2010		F		43,604	D	$43.25	138,924.4242	D
Common Stock								1,475(3)	I	By 2001 Joshi Living Trust Account (Charles Schwab)
Common Stock								108,533(3)	I	By 2001 Joshi Living Trust Account (at Goldman Sachs)
Common Stock								30,000(3)	I	By Vyomesh I. Joshi 2009 GRAT (at Goldman Sachs)
Common Stock								30,000(3)	I	By Uma V. Joshi 2009 GRAT (at Goldman Sachs)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)	07/07/2010		A		35.8208		(5)	(5)	Common Stock	35.8208	(5)	9,694.1875	D
Restricted Stock Units	(4)	07/07/2010		A		90.136		(6)	(6)	Common Stock	90.136	(6)	24,244.2068	D

Explanation of Responses:

1. Reflects shares released on November 22, 2010 in connection with the vesting of performance-based restricted stock units granted on January 17, 2008.

2. The total beneficial ownership includes 268.2324 shares at $51.9700 per share acquired under the HP Share Ownership Plan ("SOP") on 04/30/10, and 13.05220 shares at $45.2199 per share acquired through dividends paid in shares on 07/07/10, and 14.46170 shares at $40.8653 per share acquired through dividends paid in shares on 10/06/10 with respect to shares held under the SOP.

3. There is no reportable change since the last filing. This is a reiteration of holdings only.

4. Each restricted stock unit represents a contingent right to receive one share of HP common stock.

5. As previously reported, on 01/15/09 the reporting person was granted 19,140 restricted stock units ("RSUs"), 9,570 of which vested on 01/15/10, and 9,570 of which will vest on 01/15/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned in column 9 includes 17.0285 dividend equivalent rights at $44.96 per RSU credited to the reporting person's account on 07/07/10, and 18.7923 dividend equivalent rights at $40.74 per RSU credited to the reporting person's account on 10/06/10.

6. As previously reported, on 12/10/09 the Reporting Person was granted 24,081 restricted stock units ("RSUs"), 12,040 of which will vest on 12/10/10 and 12,041 which will vest on 12/10/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned in column 9 includes 42.8488 dividend equivalent rights at $44.96 per RSU credited to the reporting person's account on 07/07/10, and 47.2872 dividend equivalent rights at $40.74 per RSU credited to the reporting person's account on 10/06/10.

Remarks:

	/s/ David Ritenour as Attorney-in-Fact for Vyomesh I. Joshi	11/24/2010
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.