Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
McMullen John N
   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)
SVP & Treasurer
(Last)
(First)
(Middle)
C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET		 3. Date of Earliest Transaction (Month/Day/Year)
07/17/2009
(Street)

PALO ALTO, CA 94304		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 07/17/2009   M   10,000 A $ 22.015 35,519 D  
Common Stock 07/17/2009   M   12,500 A $ 21.765 48,019 D  
Common Stock 07/17/2009   M   22,500 A $ 31.5 70,519 D  
Common Stock 07/17/2009   S   57,921 (1) D $ 40 12,938.6538 (1) D  

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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stk Option (right to buy) $ 22.015 07/17/2009   M(1)     10,000 03/18/2005 03/18/2012 Common Stock 10,000 $ 0 0 D  
Employee Stk Option (right to buy) $ 21.765 07/17/2009   M(1)     12,500 04/14/2006 04/14/2013 Common Stock 12,500 $ 0 0 D  
Employee Stk Option (right to buy) $ 31.5 07/17/2009   M(1)     22,500 01/23/2007 01/23/2014 Common Stock 22,500 $ 0 7,500 D  
Restricted Stock Units (2) 04/01/2009(3)   A   12.9189 (3)     (3)   (3) Common Stock 12.9189 (3) 2,882.919 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
McMullen John N
C/O HEWLETT-PACKARD COMPANY
3000 HANOVER STREET
PALO ALTO, CA 94304		       SVP & Treasurer  

Signatures

 /s/ David Ritenour as Attorney-in-Fact for John McMullen   07/21/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 06/05/09. The total beneficial ownership includes 338.7313 shares at $30.5830 per share acquired under the HP Share Ownership Plan (the "SOP") on 04/30/09, and 1.4759 shares at $32.441 per share received through dividends paid in shares on 04/01/09 with respect to shares held under the SOP. These transactions under the SOP are exempt pursuant to Rule 16b-3. A deminimus adjustment of .4466 shares was also made due to the rounding and prior reporting of fractional shares.
(2) Each restricted stock unit represents a contingent right to receive one share of HP common stock.
(3) As previously reported, on 01/15/09 the Reporting Person was granted 2,870 restricted stock units ("RSUs"), 1,435 of which will vest on each of 01/15/10 and 01/15/11. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 12.9189 dividend equivalent rights being reported reflect 6.9830 dividend equivalent rights at $32.88 per RSU credited to the Reporting Person's account on 04/01/09 and 5.9359 dividend equivalent rights at $38.68 per RSU credited to the Reporting Person's account on 07/01/09.

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