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 *

SCHULTZ JOHN F 		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, GC & SEC
(Last)          (First)          (Middle)

C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/16/2015
(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   5/16/2015     M    4282   A $33.60   35776.6585   (1) D  
 
Common Stock   5/16/2015     F    1610   D $33.60   34166.6585   D  
 

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
Restricted Stock Units     (2) 5/16/2015     M         4282   (3)     (3)   (3) Common Stock   4282     (3) 0   D  
 
Restricted Stock Units     (2) 1/7/2015     A      198.2788   (4)        (4)   (4) Common Stock   198.2788     (4) 22893.2788   D  
 
Restricted Stock Units     (2) 1/7/2015     A      203.2055   (5)        (5)   (5) Common Stock   203.2055     (5) 22855.2055   D  
 
Restricted Stock Units     (2) 1/7/2015     A      220.198   (6)        (6)   (6) Common Stock   220.198     (6) 24310.198   D  
 

Explanation of Responses:
( 1)  The total beneficial ownership includes 231.4756 shares at $31.3220 per share acquired under the HP 2011 Employee Stock Ownership Plan ("ESPP") on 04/30/15 with respect to shares held under the ESPP; and 8.141 shares at $40.6161 per share acquired through dividends paid in shares on 01/08/15; and 10.5003 shares at $31.6153 per share acquired through dividends paid in shares on 04/02/15 with respect to shares held under the ESPP. The total beneficial ownership also includes the acquisition of 2.134 shares at $39.7693 per share received on 01/07/15 through dividends paid in shares; and 2.6830 shares at $31.7498 per share received on 04/01/15 through dividends paid in shares.
( 2)  Each restricted stock unit represents a contingent right to receive one share of HP common stock.
( 3)  As previously reported, on 05/16/12 the reporting person was granted 12,000 restricted stock units ("RSUs"), 4,000 of which vested on each of 05/16/13, 05/16/14, and 05/16/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned immediately prior to the transaction being reported includes 16.1087 dividends at $39.73 per share deferred on 01/07/15; and 20.4538 dividends at $31.29 per share deferred on 04/01/15. The number of derivatives in column 5 includes 282 vested dividend equivalent rights and a de minimus adjustment of 0.02340 due to fractional rounding of the dividend equivalent rights.
( 4)  As previously reported, on 12/06/12 the reporting person was granted 65,076 RSUs, 21,692 of which vested on each of 12/06/13 and 12/06/14, and 21,692 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 198.2788 dividends being reported reflect 87.3577 dividends at $39.73 per share deferred on 01/07/15; and 110.9211 dividends at $31.29 per share deferred on 04/01/15.
( 5)  As previously reported, on 12/11/13 the reporting person was granted 33,346 RSUs, 11,115 of which will vest on each of 12/11/14 and 12/11/15, and 11,116 of which will vest on 12/11/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 203.2055 dividends being reported reflect 89.5283 dividends at $39.73 per share deferred on 01/07/15; and 113.6772 dividends at $31.29 per share deferred on 04/01/15.
( 6)  As previously reported, on 12/10/14 the reporting person was granted 24,090 RSUs, 8,030 of which will vest on each of 12/10/15, 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 220.1980 dividends being reported reflect 97.0149 dividends at $39.73 per share deferred on 01/07/15; and 123.1831 dividends at $31.29 per share deferred on 04/01/15.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHULTZ JOHN F
C/O HEWLETT-PACKARD COMPANY
3000 HANOVER STREET
PALO ALTO, CA 94304

EVP, GC & SEC

Signatures
/s/ Katie Colendich as Attorney-in-Fact for John F. Schultz 5/19/2015
** 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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