Ownership Submission
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, 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 *
  LEVINE MARC A
2. Date of Event Requiring Statement (Month/Day/Year)
05/01/2012
3. Issuer Name and Ticker or Trading Symbol
HEWLETT PACKARD CO [HPQ]
(Last)
(First)
(Middle)
C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Controller & PAO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PALO ALTO, CA 94304
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 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 19,583.673
D
 
Common Stock 1,630.4979 (1)
I
By Fidelity Investments Institutional Services Company, Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) 01/23/2007(2) 01/23/2014(4) Common Stock 5,500 $ 31.5 D  
Employee Stock Option (right to buy) 01/18/2008(2) 01/18/2015(4) Common Stock 12,500 $ 42.27 D  
Employee Stock Option (right to buy) 09/27/2012(3) 09/27/2019(4) Common Stock 9,500 $ 23.59 D  
Employee Stock Option (right to buy) 12/07/2012(3) 12/07/2019(4) Common Stock 8,700 $ 28.41 D  
Restricted Stock Units   (6)   (6) Common Stock 3,406.2296 $ (5) D  
Restricted Stock Units   (7)   (7) Common Stock 30,010.3311 $ (5) D  
Restricted Stock Units   (8)   (8) Common Stock 5,856.0684 $ (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEVINE MARC A
C/O HEWLETT-PACKARD COMPANY
3000 HANOVER STREET
PALO ALTO, CA 94304
      SVP, Controller & PAO  

Signatures

/s/ David Ritenour as Attorney-in-Fact for Marc A. Levine 05/09/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) These shares were held indirectly under HP's 401(k) Plan as of 05/01/12. Fidelity Investments Institutional Services Company, Inc. accounts for holdings in the stock fund in units, which are comprised of stock and cash reserves. The shares reported represent an approximate value based upon the fund balance and market value of HP's common stock.
(2) This option became exercisable in four equal annual installments beginning on this date.
(3) This option will become exercisable in three annual installments beginning on this date.
(4) This option is no longer exercisable beginning on this date.
(5) Each restricted stock unit represents a contingent right to receive one share of HP common stock.
(6) On 12/10/10 the Reporting Person was granted 5,000 restricted stock units ("RSUs"), 1,666 of which vested on 12/10/11, and 1,667 of which will vest on each of 12/10/12 and 12/10/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported includes dividend equivalent rights accrued but not released since the grant date.
(7) On 09/26/11 the Reporting Person was granted 33,026 restricted stock units ("RSUs"), 3,303 of which vested on 10/31/11, and 13,210 of which will vest on 10/31/12, and 16,513 of which will vest on 04/30/13. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported includes dividend equivalent rights accrued but not released since the grant date.
(8) On 12/07/11 the Reporting Person was granted 5,800 restricted stock units ("RSUs"), 1,933 of which will vest on 12/07/12, 1,933 of which will vest on 12/07/13, and 1,934 of which will vest on 12/07/14. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of units reported includes dividend equivalent rights accrued but not released since the grant date.

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