SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Humphries Brian

(Last)

(First)

(Middle)

3000 HANOVER STREET

(Street)

PALO ALTO

94304

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/16/2004

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

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

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Vice President,		Investor Relations

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	150	D
Common Stock	1,349.142	I	401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option⁽¹⁾	03/20/2002	12/07/2009	Common Stock	1,265	$39.74	D
Stock Option⁽¹⁾	03/20/2002	05/14/2010	Common Stock	4,427	$43.29	D
Stock Option⁽¹⁾	03/20/2002	11/29/2010	Common Stock	3,162	$34	D
Stock Option⁽¹⁾	03/20/2002	12/12/2010	Common Stock	2,530	$28.62	D
Stock Option⁽¹⁾	03/20/2002	07/30/2011	Common Stock	3,162	$23.63	D
Stock Option⁽²⁾	01/13/2002	12/12/2011	Common Stock	5,008	$15.48	D
Stock Option⁽³⁾	04/16/2004	04/15/2011	Common Stock	6,000	$15.745	D
Stock Option⁽⁴⁾	10/29/2004	10/28/2011	Common Stock	3,000	$21.695	D
Stock Option⁽⁵⁾	03/18/2005	03/17/2012	Common Stock	5,700	$22.015	D

Explanation of Responses:

1. Received on March 20, 2002 in exchange for shares of Compaq Computer Corporation ("Compaq") in connection with the merger of a subsidiary of Hewlett-Packard Company ("HP") with and into Compaq, based on an exchange ratio of 0.6325 shares of HP common stock for each share of Compaq common stock. This option was accelerated and became fully exercisable on March 20, 2002.

2. Predecessor Compaq originally granted this option on 12/13/01. This option became exercisable in monthly increments of .020833 beginning on 1/13/02.

3. Right to buy Hewlett-Packard Company common stock granted under the 2000 Stock Option Plan complying with Rule 16b-3. This option became exercisable in 25% increments annually beginning on 4/16/04.

4. 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 10/29/04.

5. 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 3/18/04.

	Charles N. Charnas, Attorney-in-Fact	07/19/2004
	** 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 5 (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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