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 *
LESJAK CATHERINE A
   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 & CFO
(Last)
(First)
(Middle)
C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET		 3. Date of Earliest Transaction (Month/Day/Year)
08/20/2009
(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 08/20/2009   M   8,000 A $ 21.75 63,449.7651 (1) D  
Common Stock 08/20/2009   M   10,000 A $ 20.7 73,449.7651 D  
Common Stock 08/20/2009   M   10,000 A $ 22.015 83,449.7651 D  
Common Stock 08/20/2009   S   28,000 D $ 43.9111 (2) 55,449.7651 D  
Common Stock 08/20/2009   S   10,100 D $ 43.7981 (3) 45,349.7651 D  
Common Stock 08/20/2009   S   2,832 D $ 43.72 42,517.7651 D  
Common Stock 08/21/2009   S   14,323 D $ 44.3268 (4) 0 (4) I Morgan Stanley Smith Barney Joint Account with Spouse
Common Stock               306 (8) I By Spouse

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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 Stock Option (right to buy) $ 21.75 08/20/2009   M     8,000 01/31/2003(5) 01/31/2012 Common Stock 8,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 20.7 08/20/2009   M     10,000 09/18/2004(5) 09/18/2011 Common Stock 10,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 22.015 08/20/2009   M     10,000 03/18/2005(5) 03/18/2012 Common Stock 10,000 $ 0 20,000 D  
Restricted Stock Units (6) 04/01/2009(7)   A   118.1602 (7)     (7)   (7) Common Stock 118.1602 (7) 26,368.1602 (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LESJAK CATHERINE A
C/O HEWLETT-PACKARD COMPANY
3000 HANOVER STREET
PALO ALTO, CA 94304		       EVP & CFO  

Signatures

 /s/ David Ritenour as Attorney-in-Fact for Catherine A. Lesjak   08/24/2009
**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 total beneficial ownership includes 5.8109 shares at $38.9202 per share received through dividends paid in shares on 07/01/09 under the HP Share Ownership Plan (the "SOP") with respect to shares held under the SOP, and reflects a reduction due to reporting person having transferred 14,323 shares into the joint account with her spouse on 05/08/09.
(2) The price in Column 4 is a weighted average price. The prices actually received ranged from $43.9000 to $43.9300. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares sold at each price within the range.
(3) The price in Column 4 is a weighted average price. The prices actually received ranged from $43.7900 to $43.8003. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares sold at each price within the range.
(4) Reflects the sale of 14,323 shares transferred by the reporting person into a joint account with her spouse on 05/08/09. The price in Column 4 is a weighted average price. The prices actually received ranged from $44.3200 to $44.3400. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares sold at each price within the range.
(5) This option became exercisable in four equal annual installments beginning on this date.
(6) Each restricted stock unit represents a contingent right to receive one share of HP common stock.
(7) As previously reported, on 01/15/09 the reporting person was granted 26,250 restricted stock units ("RSUs"), 13,125 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 118.1602 dividend equivalent rights being reported reflect 63.8686 dividend equivalent rights at $32.88 per RSU credited to the reporting person's account on 04/01/09 and 54.2916 dividend equivalent rights at $38.68 per RSU credited to the reporting person's account on 07/01/09.
(8) There is no reportable change since the last filing. This is a reiteration of holdings only.

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