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 *
ROBISON SHANE V
   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 & CTO
(Last)
(First)
(Middle)
C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STEEET		 3. Date of Earliest Transaction (Month/Day/Year)
04/14/2008
(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 (1) 04/14/2008   M   100,000 A $ 21.765 159,637.7704 (2) D  
Common Stock 04/14/2008   G V 100,000 D $ 0 59,637.7704 D  
Common Stock               173,902 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   1,300 D $ 45.23 172,602 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   6,400 D $ 45.24 166,202 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   5,550 D $ 45.25 160,652 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   5,271 D $ 45.26 155,381 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   7,100 D $ 45.27 148,281 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   1,700 D $ 45.2725 146,581 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   2,400 D $ 45.28 144,181 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   2,500 D $ 45.29 141,681 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   2,000 D $ 45.3 139,681 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   100 D $ 45.305 139,581 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   200 D $ 45.31 139,381 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   200 D $ 45.315 139,181 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   2,400 D $ 45.32 136,781 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   7,300 D $ 45.33 129,481 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   3,400 D $ 45.34 126,081 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   15,298 D $ 45.35 110,783 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   300 D $ 45.355 110,483 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   8,000 D $ 45.36 102,483 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   6,195 D $ 45.37 96,288 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   200 D $ 45.375 96,088 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   3,500 D $ 45.38 92,588 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   400 D $ 45.3825 92,188 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   100 D $ 45.385 92,088 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   2,700 D $ 45.39 89,388 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   400 D $ 45.395 88,988 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   8,200 D $ 45.4 80,788 I By Robison Family Trust
Common Stock 04/14/2008   S(3)   100 D $ 45.4025 80,688 I By Robison Family Trust

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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) $ 21.765 04/14/2008   M     100,000 04/14/2006(4) 04/14/2013(5) Common Stock 100,000 $ 0 100,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ROBISON SHANE V
C/O HEWLETT-PACKARD COMPANY
3000 HANOVER STEEET
PALO ALTO, CA 94304		       EVP & CTO  

Signatures

 /s/ David Ritenour, Attorney-in-Fact   04/16/2008
**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) This is the first of two Form 4's to be filed, as the number of transactions reported on Table 1 exceeds the number of lines available on this form.
(2) This balance reflects the transfer of 32,934 shares from direct ownership to indirect ownership by the Robison Family Trust on March 17, 2008.
(3) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2008.
(4) This option became exercisable in four equal annual installments beginning on this date.
(5) This option is no longer exercisable beginning on this date.

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