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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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 (MM/DD/YYYY)

1/15/2015
(Street)

PALO ALTO, CA 94304
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   1/15/2015     M    109729   A $27.34   109729   (1) D  
 
Common Stock   1/15/2015     S    109729   (3) D $38.5549   (4) 0   D  
 
Common Stock   1/15/2015     M    506146   A $13.83   506146   D  
 
Common Stock   1/15/2015     S    506146   (3) D $38.5549   (4) 0   D  
 
Common Stock   1/15/2015     M    83345   A $26.99   83345   D  
 
Common Stock   1/15/2015     S    83345   (3) D $38.5549   (4) 0   D  
 
Common Stock   1/15/2015     S    76379   D $38.5549   (4) 0   (2) I   By Joint Account with Spouse  
Common Stock                  306   (5) I   By Spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $27.34   1/15/2015     M         109729    6/20/2014   (6) 12/12/2019   (7) Common Stock   109729   $0   109730   D  
 
Employee Stock Option (right to buy)   $13.83   1/15/2015     M         506146    12/6/2014   (6) 12/6/2020   (7) Common Stock   506146   $0   506147   D  
 
Employee Stock Option (right to buy)   $26.99   1/15/2015     M         83345    12/11/2014   (6) 12/11/2021   (7) Common Stock   83345   $0   166691   D  
 
Restricted Stock Units     (8) 1/7/2015     A      345.3874   (9)        (9)   (9) Common Stock   345.3874     (9) 92657.1145   D  
 
Restricted Stock Units     (8) 1/7/2015     A      145.5988   (10)        (10)   (10) Common Stock   145.5988     (10) 37972.5988   D  
 
Restricted Stock Units     (8) 1/7/2015     A      164.1319   (11)        (11)   (11) Common Stock   164.1319     (11) 41691.1319   D  
 
Restricted Stock Units     (8) 1/7/2015     A      177.8606   (12)        (12)   (12) Common Stock   177.8606     (12) 44342.8606   D  
 

Explanation of Responses:
( 1)  The total direct beneficial ownership reflects a decrease of 76,379 shares due to the transfer of 76,379 shares into a Joint Account with the reporting person's spouse on 01/13/15.
( 2)  The total indirect beneficial ownership reflects an increase of 76,379 shares due to the transfer of 76,379 shares previously reported as being held directly by the reporting person into a Joint Account with the reporting person's spouse on 01/13/15.
( 3)  The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 10/17/14.
( 4)  The price in Column 4 is a weighted average price. The prices actually paid ranged from $38.1800 to $39.6300. 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 purchased at each price within the range.
( 5)  There is no reportable change since the last filing. This is a reiteration of holdings only.
( 6)  This option became exercisable beginning on this date.
( 7)  This option is no longer exercisable beginning on this date.
( 8)  Each restricted stock unit represents a contingent right to receive one share of HP common stock.
( 9)  As previously reported, on 06/27/11 the reporting person was granted 85,764 restricted stock units ("RSUs") which will vest on 06/27/15 subject to acceleration based on certain stock performance conditions. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 345.3874 dividend equivalent rights being reported reflect 345.3874 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.
( 10)  As previously reported, on 12/06/12 the reporting person was granted 108,460 RSUs, 36,153 of which vested on each of 12/06/13 and 12/06/14, and 36,154 of which will vest on 12/06/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 145.5988 dividend equivalent rights being reported reflect 145.5988 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.
( 11)  As previously reported, on 12/11/13 the reporting person was granted 61,134 RSUs, 20,378 of which will vest on each of 12/11/14, 12/11/15, and 12/11/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 164.1319 dividend equivalent rights being reported reflect 164.1319 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.
( 12)  As previously reported, on 12/10/14 the reporting person was granted 44,165 RSUs, 14,721 of which will vest on 12/10/15, and 14,722 of which will vest on each of 12/10/16 and 12/10/17. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 177.8606 dividend equivalent rights being reported reflect 177.8606 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.

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/ Katie Colendich as Attorney-in-Fact for Catherine A. Lesjak 1/20/2015
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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