HEWLETT PACKARD CO | 2013 | FY |

		2013			2012

Weighted-average fair value of grants per unit		$	13.14	⁽¹⁾	$	27.00	⁽²⁾

⁽¹⁾: Reflects the weighted-average fair value for the second year of the three-year performance period applicable to PRUs granted in fiscal 2012. The estimated fair value of the Target Shares for the third year for PRUs granted in fiscal year 2012 will be determined on the measurement date applicable to those PRUs, which will occur during the period that the annual performance goals are approved for those PRUs, and the expense will be amortized over the remainder of the applicable three-year performance period.
⁽²⁾: Reflects the weighted-average fair value for the first year of the three-year performance period applicable to PRUs granted in fiscal 2012.

Information about options outstanding at October 31, 2013 was as follows:

	Options Outstanding

	Options Outstanding						Options Exercisable
			Weighted- Average Remaining Contractual Life				Options Exercisable
Range of Exercise Prices	Shares Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Shares Exercisable		Weighted- Average Exercise Price
	In thousands		In years				In thousands
$0-$9.99		616		4.3	$	7		595	$	7
$10-$19.99		27,161		6.7	$	14		3,991	$	14
$20-$29.99		18,906		5.6	$	25		8,204	$	25
$30-$39.99		20,018		0.5	$	32		19,940	$	32
$40-$49.99		16,422		1.4	$	43		16,263	$	43
$50-$59.99		667		3.2	$	52		580	$	52
$60 and over		252		0.7	$	73		252	$	73

		84,042		3.9	$	27		49,825	$	33

	2013									2012									2011

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value		Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value		Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
	In thousands					In years		In millions		In thousands					In years		In millions		In thousands					In years		In millions
Outstanding at beginning of year		87,296		$	29						120,243		$	28						142,916		$	28
Granted⁽¹⁾		25,785		$	15						7,529		$	27						18,804		$	21
Exercised		(10,063	)	$	19						(29,683	)	$	20						(37,121	)	$	23
Forfeited/cancelled/expired		(18,976	)	$	25						(10,793	)	$	35						(4,356	)	$	39

Outstanding at end of year		84,042		$	27		3.9	$	303		87,296		$	29		3.0	$	15		120,243		$	28		3.0	$	460

Vested and expected to vest at end of year		80,004		$	27		3.7	$	274		85,935		$	29		2.9	$	15		117,066		$	28		2.9	$	442

Exercisable at end of year		49,825		$	33		1.8	$	58		68,437		$	31		1.9	$	12		97,967		$	29		2.0	$	332

⁽¹⁾: In connection with fiscal 2011 acquisitions, HP assumed options to purchase approximately 6 million shares with a weighted-average exercise price of $14 per share.

	2013			2012			2011

Weighted-average fair value of grants per option⁽¹⁾	$	4.26		$	9.06		$	7.85
Expected volatility⁽²⁾		42	%		42	%		41	%
Risk-free interest rate⁽³⁾		1.07	%		1.17	%		1.20	%
Expected dividend yield⁽⁴⁾		3.64	%		1.83	%		1.97	%
Expected term in months⁽⁵⁾		71			67			63

⁽¹⁾: The fair value calculation was based on stock options granted during the period.
⁽²⁾: Determined using implied volatility from traded options on HP's stock.
⁽³⁾: Determined using the yield on U.S. Treasury zero-coupon issues.
⁽⁴⁾: Determined using a constant dividend yield during the expected term of the option.
⁽⁵⁾: Determined using historical exercise and post-vesting termination patterns.

	2013			2012			2011

Weighted-average fair value of grants per unit	$	0.00	⁽¹⁾	$	3.35	⁽²⁾	$	27.59	⁽³⁾
Expected volatility⁽⁴⁾		33	%		41	%		30	%
Risk-free interest rate		0.18	%		0.14	%		0.38	%
Expected dividend yield		3.94	%		1.78	%		0.75	%
Expected term in months		12			15			19

⁽¹⁾: Reflects the weighted-average fair value for the third year of the three-year performance period applicable to PRUs granted in fiscal 2011. The weighted-average fair value per unit is zero based on the result of the Monte-Carlo simulation model using the weighted-average assumptions on the measurement date.
⁽²⁾: Reflects the weighted-average fair value for the third year of the three-year performance period applicable to PRUs granted in fiscal 2010 and for the second year of the three-year performance period applicable to PRUs granted in fiscal 2011.
⁽³⁾: Reflects the weighted-average fair value for the third year of the three-year performance period applicable to PRUs granted in fiscal 2009, for the second year of the three-year performance period applicable to PRUs granted in fiscal 2010 and for the first year of the three-year performance period applicable to PRUs granted in fiscal 2011.
⁽⁴⁾: HP uses historic volatility for PRU awards when simulating multivariate prices for companies in the S&P 500.