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^*

Murrin James T

(Last)

(First)

(Middle)

C/O HEWLETT-PACKARD COMPANY

3000 HANOVER STREET

(Street)

PALO ALTO

94304

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2007

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)	Other (specify below)
	SVP and Controller

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	37,364.2102	D
Common Stock	11,263.8938⁽¹⁾	I	By 401(k) plan

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)
Employee Stock Option (right to buy)	11/20/2000⁽²⁾	11/20/2007⁽³⁾	Common Stock	4,606	$18.09	D
Employee Stock Option (right to buy)	02/12/2000⁽⁴⁾	02/12/2009⁽³⁾	Common Stock	16,636	$29.63	D
Employee Stock Option (right to buy)	02/15/2001⁽⁵⁾	02/15/2010⁽³⁾	Common Stock	17,916	$48.495	D
Employee Stock Option (right to buy)	06/05/2005⁽²⁾	06/05/2010⁽³⁾	Common Stock	200	$59.58	D
Employee Stock Option (right to buy)	07/07/2001⁽⁶⁾	07/07/2010⁽³⁾	Common Stock	10,000	$60.86	D
Employee Stock Option (right to buy)	02/26/2002⁽⁷⁾	02/26/2011⁽³⁾	Common Stock	18,000	$30.09	D
Employee Stock Option (right to buy)	10/19/2004⁽²⁾	10/19/2011⁽³⁾	Common Stock	30,000	$17.88	D
Employee Stock Option (right to buy)	01/31/2003⁽⁸⁾	01/31/2012⁽³⁾	Common Stock	60,000	$21.75	D
Employee Stock Option (right to buy)	04/16/2004⁽⁹⁾	04/16/2011⁽³⁾	Common Stock	25,000	$15.745	D
Employee Stock Option (right to buy)	03/18/2005⁽¹⁰⁾	03/18/2012⁽³⁾	Common Stock	42,500	$22.015	D
Employee Stock Option (right to buy)	04/14/2006⁽¹¹⁾	04/14/2013⁽³⁾	Common Stock	37,500	$21.765	D
Employee Stock Option (right to buy)	01/23/2007⁽¹²⁾	01/23/2014⁽³⁾	Common Stock	25,000	$31.5	D
Employee Stock Option (right to buy)	01/31/2007⁽¹³⁾	01/31/2014⁽³⁾	Common Stock	40,000	$31.215	D

Explanation of Responses:

1. Represents the reporting person's holdings under the Hewlett-Packard Company 401(k) Plan as of February 28, 2007.

2. This option became 100% exercisable beginning on this date.

3. This option is no longer exercisable beginning on this date.

4. This option became exercisable in four equal annual installments beginning on this date. The next three installments became exercisable on February 12, 2001, February 12, 2002, and February 12, 2003.

5. This option became exercisable in four equal annual installments beginning on this date.. The next three installments became exercisable on February 15, 2002, February 15, 2003, and February 15, 2004.

6. This option became exercisable in four equal annual installments beginning on this date.. The next three installments became exercisable on July 7, 2002, July 7, 2003, and July 7, 2004.

7. This option became exercisable in four equal annual installments beginning on this date. The next three installments became exercisable on February 26, 2003, February 26, 2004, and February 26, 2005.

8. This option became exercisable in four equal annual installments beginning on this date. The next three installments became exercisable on January 31, 2004, January 31, 2005 and January 31, 2006.

9. This option became exercisable in four equal annual installments beginning on this date. The next two installments became exercisable on April 16, 2005 and April 16, 2006. The last installment becomes exercisable on April 16, 2007.

10. This option became exercisable in four equal annual installments beginning on this date. The next installment became exercisable on March 18, 2006. The last two installments become exercisable on March 18, 2007 and March 18, 2008.

11. This option became exercisable in four equal annual installments beginning on this date. The next three installments become exercisable on April 14, 2007, April 14, 2008 and April 14, 2009.

12. This option became exercisable in four equal annual installments beginning on this date. The next three installments become exercisable on January 23, 2008, January 23, 2009 and January 23, 2010.

13. This option became exercisable in four equal annual installments beginning on this date. The next three installments become exercisable on January 31, 2008, January 31, 2009 and January 31, 2010.

Remarks:

	/s/James T. Murrin	03/06/2007
	** 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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