form11-k_2009.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 11-K
 

 
(Mark One)
   
 
x   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
   
 
For the fiscal year ended December 31, 2009
   
 
OR
   
 
o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
   
 
For the transition period from ____________ to ____________
   
   
 
Commission File Number: 1-4423
   
   
 A.                  Full title of the plan and address of the plan, if different from that of the issuer named below:
   
   
 
HEWLETT-PACKARD COMPANY 401(k) PLAN
   
   
 B.  Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
   
   
 
HEWLETT-PACKARD COMPANY
3000 HANOVER STREET
PALO ALTO, CALIFORNIA 94304
 
 
 

 
 
 


 


Hewlett-Packard Company 401(k) Plan
 
Financial Statements and Supplemental Schedule
 
December 31, 2009 and 2008,
 
and for the Year Ended December 31, 2009
 
 
Contents
 
 
 1
 
 
 
Audited Financial Statements:
 
 
 
 2
 
 3
 
 4
 
 
 
Supplemental Schedule:
 
 
 
23
 
 
62
 
 
 
Exhibit:
 
 
 
64

 
 
 
 

 
 
Report of Independent Registered Public Accounting Firm
 
Plan Administrator
Hewlett-Packard Company 401(k) Plan
 
We have audited the accompanying statements of net assets available for benefits of Hewlett-Packard Company 401(k) Plan as of December 31, 2009 and 2008, and the related statement of changes in net assets available for benefits for the year ended December 31, 2009. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
 
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
 
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2009 and 2008, and the changes in its net assets available for benefits for the year ended December 31, 2009, in conformity with US generally accepted accounting principles.
 
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2009, is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
 

/s/ Ernst & Young LLP
 
San Jose, California
June 25, 2010
 

 
1
 
 

Hewlett-Packard Company 401(k) Plan
 
             
             
   
December 31
  
   
2009
    
2008
  
Assets
            
Cash
   $ 4,315,148     $ 1,188,022  
Investments, at fair value
     10,185,682,751       7,978,860,454  
Receivables:
                
      Company contribution
     25,982,745       –  
      Amount due from brokers for securities sold
     201,906,549       40,409,104  
      Forward foreign currency contracts
     68,874,951       55,254,427  
      Interest and dividends
     8,111,837       7,352,100  
Total receivables
     304,876,082       103,015,631  
Total assets
     10,494,873,981       8,083,064,107  
                 
Liabilities
                
Amounts due to brokers for securities purchased
     196,379,984       27,573,213  
Forward foreign currency contracts payable
     69,385,734       55,217,783  
Other payables
     8,076,020       2,131,335  
Total liabilities
     273,841,738       84,922,331  
                 
Net assets reflecting investments, at fair value
     10,221,032,243       7,998,141,776  
                 
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
     16,921,697       93,053,312  
                 
Net assets available for benefits
   $ 10,237,953,940     $ 8,091,195,088  
                 
See accompanying notes.
                
 
 
2
 
 

Hewlett-Packard Company 401(k) Plan
 
Statement of Changes in Net Assets Available for Benefits
 
Year Ended December 31, 2009
       
       
Additions
      
Investment income:
      
      Interest and dividends
   $ 168,058,755  
      Net realized and unrealized appreciation in fair value of investments
     2,046,684,918  
      2,214,743,673  
Contributions:
        
      Participants
     424,883,575  
      Company
     188,436,584  
      Rollover
     25,320,178  
      638,640,337  
Total additions
     2,853,384,010  
         
Deductions
        
Benefits paid directly to participants
     694,303,937  
Investment management fees
     10,802,266  
Administrative expenses and fees
     1,518,955  
Total deductions
     706,625,158  
         
Net increase
     2,146,758,852  
         
Net assets available for benefits:
        
      Beginning of year
     8,091,195,088  
      End of year
   $ 10,237,953,940  
         
See accompanying notes.
        
 
 
3
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements
 
December 31, 2009
 
 
1.  Description of the Plan
 
The following brief description of the Hewlett-Packard Company 401(k) Plan (the Plan) provides only general information. Participants should refer to the plan document for a more complete description of the Plan’s provisions.
 
General
 
The Plan is a defined contribution plan covering employees of Hewlett-Packard Company (the Company or HP) and designated domestic subsidiaries who are on the U.S. payroll and who are employed as regular full-time or regular part-time or limited-term employees. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).
 
Effective December 31, 2009, the Target Retirement Date Funds were renamed to the corresponding Birth Date Funds. The Target Retirement Income Fund was transferred to the Target Retirement 2010 Fund and then was renamed the 1945 Birth Date Fund.
 
Assets of the Plan are invested in a three-tier investment structure. Tier 1 includes one ready-made portfolio (the Conservative Portfolio), and nine Birth Date Funds (formerly Target Retirement Date Funds) to be managed based on the year participants were born instead of an assumed retirement date. This investment strategy is designed to apply over a participant’s entire investment horizon, including the years after retirement, and is designed to become more conservative as participants grow older. Tier 2 includes 15 institutional funds in a range of asset classes. Tier 3 includes 13 brand-name mutual funds spanning several investment categories. Additionally, the Plan offers Company common stock as an investment option. All investments are participant-directed.
 
Effective after the close of the market on January 30, 2009, the Fidelity Real Estate Investment Portfolio was replaced with a Tier 2 fund, the Global Real Estate Fund. Additionally, effective after the close of market on June 11, 2009, the Fidelity Magellan Fund was replaced with another Tier 2 fund, the Large Cap Growth Stock Fund.
 
Effective after the close of the market on April 25, 2008, the Fidelity Growth and Income Portfolio was removed from the investment options in Tier 3 and was replaced with a Tier 2 fund, the Large Cap Core Stock Fund.
 

 
4
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)
 
 

1.  Description of the Plan (continued)
 
The Plan includes a nonleveraged employee stock ownership plan feature (the ESOP) within the meaning of Internal Revenue Code (the Code) Section 4975(e)(7). The ESOP is maintained as part of the Plan and is designed to invest primarily in the Company’s common stock. The purpose of the ESOP is to permit participants the option of having dividends on the Company’s common stock re-invested in the Plan or paid directly to them in cash. Participants in the Plan who were formerly participants in the Compaq Computer Corporation 401(k) Investment Plan, but who did not become employees of the Company subsequent to the acquisition of Compaq Computer Corporation in May 2002, are not eligible to participate in the ESOP.
 
Contributions
 
As soon as administratively feasible, normally about 15 days after the employee’s employment start date, employees were automatically enrolled in the Plan at a 3% contribution rate in one of the ten Target Retirement Date Funds based on the employee’s current age and anticipated retirement age. Effective December 31, 2009, employees are automatically enrolled in one of the nine Birth Date Funds based on the year employees were born.
 
Participants may annually contribute, on a pretax basis, up to 50% of their eligible compensation, as defined by the Plan. Contributions are subject to annual deductibility limits specified under the Code. The annual limitation was $16,500 for 2009. Contributions can be made as whole or fractional percentages of pay. Employees can choose pretax contributions, after-tax Roth 401(k) contributions, or a combination of the two. The Plan also accepts rollover contributions from a Roth deferral account to the Plan as described in Code section 402A(e)(1) and only to the extent the rollover is permitted under the rules of section 402(c) of the Code. After-tax Roth 401(k) contributions shall be treated as deferred contributions for all purposes under the Plan, including Company matching contributions.
 
Participants who are age 50 or older by the end of the plan year can contribute an additional $5,500 above the annual limitation. Catch-up contributions can be pretax contributions, after-tax Roth 401(k) contributions, or a combination of the two. These “catch-up” contributions are not eligible for the Company match. Participants may also make rollover contributions of amounts representing distributions from other qualified defined benefit or defined contribution plans.
 

 
5

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
1.  Description of the Plan (continued)
 
Effective January 1, 2008, all participants were eligible for a Company matching contribution equal to 100% of the first 6% of the eligible compensation the participant contributes to the Plan.  Effective August 1, 2008, new hires, re-hires, or transfers onto the U.S. payroll receive Company matching contributions equal to 100% of the first 4% of eligible compensation they contribute to the Plan.
 
Effective April 1, 2009, the Company’s matching contribution is determined up to a maximum of 100% of the first 4% of the eligible compensation for all eligible U.S. employees. The Company’s matching contribution was changed to a quarterly discretionary performance-based match, determined each fiscal quarter based on business results.
 
Vesting
 
Participants are fully vested at all times with regard to their contributions and earnings thereon.
 
Participants who became employees before January 1, 2006, are also 100% vested in their Company matching contributions and earnings thereon at all times. Effective January 1, 2006, all new employees are subject to a three-year cliff vesting schedule with regard to Company matching contributions. As a result, participants with no prior HP service who enter the Plan on or after January 1, 2006 do not vest in Company matching contributions until the earlier of earning three years of credited service, attaining age 65, death before termination of employment, or becoming eligible for disability benefits under the Company’s long-term disability benefits program, at which time they will become 100% vested in their Company matching contributions and earnings thereon.
 
Participant Accounts
 
Each participant’s account is credited with the participant’s contributions and allocations of (i) Company contributions and (ii) Plan earnings and losses. Allocations are determined in accordance with the provisions of the plan document. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant’s account.
 

 
6

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
1.
Description of the Plan (continued)
 
Participant Loans
 
The Plan offers two types of loans, namely general-purpose loans and primary residence loans. The repayment period for a general-purpose loan may not exceed 5 years, and the repayment period for a primary residence loan may not exceed 15 years.
 
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balances. Loans are secured by the participant’s account and bear interest at a rate equal to the prevailing prime rate plus 1%. Principal and interest is paid ratably through payroll deductions.
 
Forfeitures
 
Upon termination of employment, participants forfeit their nonvested balances. Forfeited balances of terminated participants’ nonvested accounts are used to reduce future Company contributions, restore previously forfeited balances, or pay eligible Plan expenses. Unallocated forfeiture balances as of December 31, 2009 and 2008, were approximately $5,100,000 and $2,700,000, respectively, and forfeitures used to reduce Company contributions for 2009 were approximately $2,700,000.
 
Payment of Benefits
 
On termination of service, death, or retirement, participants may elect to receive a lump-sum amount equal to the value of their account. Lump-sum payments may be made in cash or shares of stock for distribution from the Company Stock Fund. Hardship distributions and in-service withdrawals are permitted if certain criteria are met. Participants may also, at any time, withdraw all or part of their rollover accounts.
 
Administrative and Investment Management Expenses
 
Certain fees and expenses of the Plan for legal and other administrative services are paid directly by the Company on behalf of the Plan.  Starting with the Company’s fiscal quarter ended October 31, 2009, each participant was charged a fixed fee of $9.75 per fiscal quarter for recordkeeping expenses. Certain administrative and investment management fees related to Tiers 1 and 2 investment options are paid directly to the Plan’s investment managers and are reported
 

 
7

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
1.
Description of the Plan (continued)
 
separately on the statement of changes in net assets available for benefits. Investment management fees charged by the Tier 3 mutual funds are deducted from the net asset values of the mutual funds and are, therefore, recorded as a component of the net realized and unrealized appreciation in fair value of the Plan’s investments.
 
Plan Termination
 
Although it has not expressed any intent to do so, the Company has the right to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA.
 
2.
Summary of Significant Accounting Policies
 
Basis of Accounting
 
The accompanying financial statements have been prepared on the accrual basis of accounting.
 
Use of Estimates
 
The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes and supplemental schedule. Actual results could differ from those estimates.
 
New Accounting Pronouncements
 
During 2009, the Plan adopted the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and the Hierarchy of Generally Accepted Accounting Principles which only affected the specific references to GAAP literature in the notes to the financial statements.
 
In April 2009, the FASB issued FASB Staff Position 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly. (FSP 157-4). FSP 157-4 amended FASB Statement No. 157 (codified as ASC 820) to provide additional guidance on estimating fair value when the volume and level of activity for an asset or liability have significantly decreased in relation to its normal market activity. FSP 157-4 also provided additional guidance on circumstances that may indicate that a transaction is not orderly and on defining major categories of debt and equity securities to comply with the disclosure requirements of ASC 820.

 
8
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
2.
Summary of Significant Accounting Policies (continued)
 
The Plan adopted the guidance in FSP 157-4 for the reporting period ended December 31, 2009. Adoption of FSP 157-4 did not have a significant effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.
 
In May 2009, the FASB issued FASB Statement No. 165, Subsequent Events, which was codified into ASC 855, Subsequent Events, to provide general standards of accounting for and disclosure of events that occur after the balance sheet date, but before financial statements are issued or are available to be issued. ASC 855 was amended in February 2010. The Plan has adopted ASC 855, as amended.
 
In September 2009, the FASB issued Accounting Standards Update 2009-12, Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (ASU 2009-12). ASU 2009-12 amended ASC 820 to allow entities to use net asset value (NAV) per share (or its equivalent), as a practical expedient, to measure fair value when the investment does not have a readily determinable fair value and the net asset value is calculated in a manner consistent with investment company accounting. The Plan adopted the guidance in ASU 2009-12 for the reporting period ended December 31, 2009, and has utilized the practical expedient to measure the fair value of investments within the scope of this guidance based on the investment’s NAV. In addition, as a result of adopting ASU 2009-12, the Plan has provided additional disclosures regarding the nature and risks of investments within the scope of this guidance. Refer to Note 4 for these disclosures. Adoption of ASU 2009-12 did not have a significant effect on the Plan’s net assets available for benefits or its changes in net assets available for benefits.
 
In January 2010, the FASB issued Accounting Standards Update 2010-06, Improving Disclosures about Fair Value Measurements (ASU 2010-06). ASU 2010-06 amended ASC 820 to clarify certain existing fair value disclosures and require a number of additional disclosures. The guidance in ASU 2010-06 clarified that disclosures should be presented separately for each “class” of assets and liabilities measured at fair value and provided guidance on how to determine the appropriate classes of assets and liabilities to be presented. ASU 2010-06 also clarified the requirement for entities to disclose information about both the valuation techniques and inputs used in estimating Level 2 and Level 3 fair value measurements. In addition, ASU 2010-06 introduced new requirements to disclose the amounts (on a gross basis) and reasons for any significant transfers between Levels 1, 2, and 3 of the fair value hierarchy and present information regarding the purchases, sales, issuances, and settlements of Level 3 assets and liabilities on a gross basis. With the exception of the requirement to present changes in Level 3 measurements on a gross basis, which is delayed until 2011, the guidance in ASU 2010-06

 
9
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)


 
2.
Summary of Significant Accounting Policies (continued)
 
becomes effective for reporting periods beginning after December 15, 2009. Plan management is currently evaluating the effect that the provisions of ASU 2010-06 will have on the Plan’s financial statements.
 
Investment Valuation and Income Recognition
 
The Plan’s investments are stated at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 4 for further discussion of fair value measurements.
 
Investment contracts held by a defined contribution plan are required to be reported at fair value (see Note 4). However, contract value is the relevant measurement attribute for that portion of net assets available for benefits of the Plan attributable to fully benefit-responsive contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in fully benefit-responsive guaranteed investment contracts (GICs) and synthetic investment contracts (synthetic GICs). The statements of net assets available for benefits present the fair value of the investment contracts, as well as an adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The fair value of the GICs is calculated by discounting the related cash flows based on current yields of similar instruments with comparable durations. The underlying investments of the synthetic GICs are valued at quoted redemption values on the last business day of the Plan’s year-end. Wrapper contracts are valued using a replacement cost methodology as of the last day of the plan year. The contract value of the fully benefit-responsive investment contracts represents contributions plus earnings, less participant withdrawals and administrative expenses.
 
In accordance with ASC 820, Fair Value Measurements and Disclosures (formerly FASB Statement No. 157), assets and liabilities measured at fair value are categorized into the following fair value hierarchy:
 
Level 1 – Fair value is based on unadjusted quoted prices for identical assets or liabilities in an active market that the Plan has the ability to access at the measurement date.
 
 

 
10

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
2.
Summary of Significant Accounting Policies (continued)
 
Level 2 – Fair value is based on quoted prices in markets that are not active, quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level 2.
 
Level 3 – Fair value is based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the investment and are based on the best available information, some of which may be internally developed.
 
The level in the fair value hierarchy with which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measure in its entirety.
 
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded as earned. Dividends are recorded on the ex-dividend date. Net appreciation in the fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
 
3.
Investments
 
The fair values of individual investments that represent 5% or more of the fair value of the Plan’s net assets are as follows:
 
   
December 31
  
   
2009
    
2008
  
             
HP Common Stock Fund
   $ 1,238,052,019     $ 972,759,293  
Vanguard Employee Benefit Index Fund
   $ 813,298,960     $ 647,986,051  
Vanguard PRIMECAP ADM Fund
   $ 688,218,529     $ 530,157,876  
Dwight Target 2 Fund
   $ 635,253,443     $ 601,916,872  
Fidelity Contrafund
   $ 572,514,247     $ 458,134,765  


 
11

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
3.
Investments (continued)
 
For the year ended December 31, 2009, the Plan’s investments (including investments purchased, sold, as well as held during the year) appreciated in fair value as follows:
 
Registered investment companies
   $ 904,917,283  
Common stock
     462,546,845  
Common collective trust funds
     281,839,251  
Company common stock
     385,302,421  
Corporate debt
     12,079,118  
Total net realized and unrealized appreciation in fair value of investments
   $ 2,046,684,918  

4.  Fair Value Measurements
 
The following is a description of the valuation methodologies used for assets measured at fair value.
 
Common collective trusts and privately held mutual funds: Valued at the NAV established by the funds’ sponsor on the last business day of the plan year, based on the fair value of the assets underlying the funds. There are no redemption restrictions on the Plan’s investments in common collective trusts.
 
Publicly traded mutual funds, common stocks, corporate debt and U.S. government securities: Valued at the closing price reported on the active market on which the individual securities are traded.
 
Money market funds: Valued at the NAV of units held by the Plan at year-end.
 
Short-term investments: Valued at cost plus accrued interest, which approximates fair value.
 
Synthetic GICs: Valued at fair value of the underlying investments, which consist of mutual funds, short-term investments, corporate debt, and U.S. government securities (see Note 5).
 

 
12
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
4.
Fair Value Measurements (continued)
 
Traditional GICs: Value is determined using the present value of the contracts’ future cash flow values discounted by comparable duration Wall Street Journal GIC index rates.
 
Wrappers: Value is determined by a present value discounting of the difference between the contractual wrap rate fee and the rebid rate.
 
Participant loans: Valued at amortized cost, which approximates fair value.
 
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
 

 
13

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
4.
Fair Value Measurements (continued)
 
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets and liabilities as of December 31, 2009 and 2008:
 

   
Fair Value Measurements as of December 31, 2009
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets                        
Mutual funds:
                        
      Index funds
   $ 350,469,034     $ –     $ –     $ 350,469,034  
      Growth funds
     2,563,953,433       293,276,700       –       2,857,230,133  
      Fixed income funds
     253,519,451       –       –       253,519,451  
      Value funds
     221,899,884       –       –       221,899,884  
      Other funds
     26,231,263       –       –       26,231,263  
Total mutual funds
     3,416,073,065       293,276,700       –       3,709,349,765  
                                 
Common collective trusts:
                                
      Index funds
     –       813,298,960       –       813,298,960  
      Growth funds
     –       382,720,689       –       382,720,689  
      Fixed income funds
     –       1,170,003,695       –       1,170,003,695  
      Other funds
     –       105,247,081       –       105,247,081  
Total common collective trusts
     –       2,471,270,425       –       2,471,270,425  
                                 
HP Common Stock Fund
     1,238,052,019       –       –       1,238,052,019  
Money market funds
     –       209,735,873       –       209,735,873  
Managed accounts:
                                
  Short-term investments
     –       152,755,663       –       152,755,663  
      Common and preferred stocks:
                                
       Banks, insurance and other financial institutions
     182,426,919       –       –       182,426,919  
       Consumer and capital goods
     457,870,702       –       –       457,870,702  
       Health care, pharmaceuticals, and biotechnology
     279,411,192       –       –       279,411,192  
       Technology, hardware and software
     444,502,280       –       –       444,502,280  
       Energy, transportation and other utilities
     280,790,968       –       –       280,790,968  
       Hospitality and real estate
     182,945,424       –       –       182,945,424  
       Other
     609,238       –       –       609,238  
Total common and preferred stocks
     1,828,556,723       –       –       1,828,556,723  

 
 
14
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)
 
 
4.
Fair Value Measurements (continued)
 
   
Fair Value Measurements as of December 31, 2009
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Corporate debt:
                        
      Banks, insurance and other financial institutions
   $ –     $ 68,537,872     $ –     $ 68,537,872  
      Consumer and capital goods
     –       23,391,435       –       23,391,435  
      Health care, pharmaceuticals, and biotechnology
     –       19,320,084       –       19,320,084  
      Technology, hardware and software
     –       9,004,335       –       9,004,335  
      Energy, transportation and other utilities
     –       55,824,306       –       55,824,306  
      Hospitality and real estate
     –       3,484,710       –       3,484,710  
      Other
     –       593,680       –       593,680  
Total corporate debt
     –       180,156,422       –       180,156,422  
                                 
U.S. government securities:
                                
      Federal
     –       234,707,407       –       234,707,407  
      State
     –       7,173,879       –       7,173,879  
      Municipal
     –       2,257,999       –       2,257,999  
Total U.S. government securities
     –       244,139,285       –       244,139,285  
Guaranteed investment contracts
     –       17,749,665       –       17,749,665  
Wrapper contracts
     –       –       852,339       852,339  
Participant loans
     –       –       133,064,572       133,064,572  
Total investments
     6,482,681,807       3,569,084,033       133,916,911       10,185,682,751  
Derivative assets     69,005,522       –       –       69,005,522  
Amount due from brokers for securities sold     201,906,549       –       –       201,906,549  
Total assets measured at fair value   $ 6,753,593,878     $ 3,569,084,033     $ 133,916,911     $ 10,456,594,822  
                                 
                                 
Liabilities                                
Derivative liabilities   $ 69,470,436     $ –     $ –     $ 69,470,436  
Amount due to brokers for securities purchased     196,379,984       –       –       196,379,984  
Total liabilities measured at fair value   $ 265,850,420     $ –     $ –     $ 265,850,420  
 
 
 
15
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)
 
 
4.
Fair Value Measurements (continued)
 
   
Fair Value Measurements as of December 31, 2008
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Assets                                
Mutual funds
   $ 2,723,746, 901     $ 318,647,106     $ –     $ 3,042,394,007  
Common collective trusts
     –       1,220,681,896       –       1,220,681,896  
HP Common Stock Fund
     972,759,293       –       –       972,759,293  
Money market funds
     –       250,261,152       –       250,261,152  
                                 
Managed accounts:
                                
      Short-term investments
     –       34,572,440       –       34,572,440  
      Common and preferred stocks
     946,749,911       –       –       946,749,911  
Corporate debt
     –       70,762,793       –       70,762,793  
U.S. government securities
     –       84,284,639       –       84,284,639  
Guaranteed investment contracts
     –       1,222,969,854       –       1,222,969,854  
Wrapper contracts     –        –       3,151,526        3,151,526   
Participants loans
     –       –       130,272,943       130,272,943  
Total investments
     4,643,256,105       3,202,179,880       133,424,469       7,978,860,454  
Derivative assets     55,422,003       –       –       55,422,003  
Amount due from brokers for securities sold     40,409,104       –       –       40,409,104  
Total assets measured at fair value   $ 4,739,087,212     $ 3,202,179,880     $ 133,424,469     $ 8,074,691,561  
                                 
                                 
Liabilities                                
Derivative liabilities   $ 55,351,707     $ –     $ –     $ 55,351,707  
Amount due to brokers for securities purchased     27,573,213       –       –       27,573,213  
Total liabilities measured at fair value   $ 82,924,920     $ –     $ –      $ 82,924,920  
 
 
 
16
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

4.
Fair Value Measurements (continued)

The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets (participant loans and wrapper contracts) for the year ended December 31, 2009:
 
   
Participant Loans
    
Wrapper Contracts
    
Total
  
                   
Balance, beginning of year
   $ 130,272,943     $ 3,151,526     $ 133,424,469  
New loans
     54,546,181       –       54,546,181  
Repayments
     (51,754,552 )     –       (51,754,552 )
Unrealized losses relating to instruments held at the reporting date
     –       (2,299,187 )     (2,299,187 )
Balance, end of year
   $ 133,064,572     $ 852,339     $ 133,916,911  

5.
Guaranteed Investment Contracts
 
The Plan offers a Stable Value Fund, which invests in GICs and synthetic GICs, to provide participants with a stable, fixed-rate return and protection of principal from market changes. There are no reserves against contract value for credit risk of the contract issuers or otherwise. The crediting interest rates are based on a formula agreed upon with the issuer. The interest rate paid by the issuer or contract rate may be fixed over the life of the contract or adjusted periodically, but cannot fall below 0%.
 
Certain events limit the ability of the Plan to transact at contract value with the issuer. Such events include amendments to the plan document, changes to the Plan’s prohibition of competing investment options, complete or partial termination of the Plan, the failure of the Plan or its trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA, the redemption of all or a portion of the Plan’s interest in the investment at the direction of the Company, or delivery of any communication to participants designed to influence participants not to invest in the Stable Value Fund. The Company does not believe that the occurrence of any such events, which would limit the Plan’s ability to transact at contract value with participants, is probable.
 
GICs generally do not permit issuers to terminate the contract prior to the scheduled maturity date. Wrapper contracts, a component of synthetic GICs, generally allow the issuer to terminate upon notice at any time for market value. Wrapper contracts generally also contain provisions to allow the Plan to elect to convert the wrapped portfolio to a declining direction strategy upon termination by the issuer. Such provisions are intended to result in contract value equaling market value by the ultimate maturity date.

 
 
17
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
5.
Guaranteed Investment Contracts (continued)
 
Average yields earned on the Stable Value Fund are as follows:
 
   
Year Ended December 31
   
2009
  
2008
             
Based on actual earnings
     3.22 %     5.36 %
Based on interest rate credited to participants
     2.93 %     3.67 %

 
6. 
Derivatives
 
As the Plan holds investments denominated in foreign currencies, forward foreign currency contracts are generally utilized to hedge a portion of the currency exposure that results in those investments denominated in foreign currencies. The forward foreign currency contracts are not designated as hedging instruments.
 
Forward foreign currency contracts are generally marked-to-market at the prevailing forward exchange rate of the underlying currencies, and the difference between contract value and market value is recorded as unrealized appreciation (depreciation) in fair value of investments. When the forward foreign currency contract is closed, the Plan transfers the unrealized appreciation (depreciation) to a realized gain (loss) equal to the change in the value of the forward foreign currency contract when it was opened and the value at the time it was closed or offset.
 
Certain risks may arise upon entering into a forward foreign currency contract from the potential inability of the counterparties to meet the terms of their contracts. Additionally, when utilizing forward foreign currency contracts to hedge, the Plan gives up the opportunity to profit from favorable exchange rate movements during the term of the contract. As of December 31, 2009 and 2008, the value of currencies under forward foreign currency contracts represented less than 1% of net assets available for benefits.
 
 
18
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)
 
 
6.  
Derivatives (continued)
 
Total gross notional amounts for outstanding derivatives (recorded at fair value) were as follows:
 
    December 31   
   
2009
    
2008
  
             
Forward foreign currency exchange
   $ 63,984,617     $ 55,314,091  
Financial futures
     24,500,000       18,700,000  
Interest rate swaps
     11,000,000       6,800,000  
Financial options
     9,400,000       3,000,000  
Total
   $ 108,884,617     $ 83,814,091  

Total gross notional amounts for forward foreign currency exchange contracts by currency were as follows:
 
    December 31   
   
2009
    
2008
  
             
Australian dollar
   $ 8,655,624     $ 751,889  
Brazil real
     –       2,236  
British pound
     17,951,934       10,781,309  
Canadian dollar
     7,192,366       2,107,811  
Chinese yuan
     253,202       1,007,080  
Euro
     5,904,548       6,686,521  
Japanese yen
     10,969,135       12,962,631  
Mexican peso
     205,003       1,450  
Norwegian krone
     4,456,546       2,516,897  
Polish zloty
     –       45,029  
Russian ruble
     –       85,519  
Singapore dollar
     52,449       51,512  
South Korean won
     99,613       –  
Swedish krona
     4,374,092       10,732,722  
Swiss franc
     3,870,105       7,581,485  
Total
   $ 63,984,617     $ 55,314,091  
 
None of the derivative instruments contain credit-risk-related contingent features. Credit ratings are not applicable to the Plan investment accounts.
 

 
19
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
6.
Derivatives (continued)
 
The fair values of the derivatives instruments included in the net assets available for benefits were as follows:
 
   
December 31, 2009
    
December 31, 2008
  
   
Derivative
Asset
    
Derivative
Liability
    
Derivative
Asset
    
Derivative
Liability
  
Forward foreign currency exchange
   $ 68,874,951     $ 69,385,734     $ 55,254,427     $ 55,217,783  
Interest rate swaps
     130,571       10,356       167,576       133,493  
Financial options
     –       74,346       –       431  
Total
   $ 69,005,522     $ 69,470,436     $ 55,422,003     $ 55,351,707  

All income from derivatives was recorded as net realized and unrealized appreciation (depreciation) in fair value of investments. The effects of derivatives on the net realized and unrealized appreciation (depreciation) in fair value of investments for the year ended December 31, 2009 were as follows:
 
Forward foreign currency exchange
   $ (638,689 )
Financial futures
     875,703  
Interest rate swaps
     78,449  
Financial options
     143,762  
Total
   $ 459,225  

7.
Income Tax Status
 
The Plan has received a determination letter from the Internal Revenue Service (IRS) dated October 24, 2009, stating that the Plan is qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The plan administrator believes that the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan, as amended, is qualified and the related trust is tax-exempt.
 
 
 
 
20
 
 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)
 
 
8.  Related-Party Transactions
 
Transactions in shares of the Company’s common stock qualify as party-in-interest transactions under the provisions of ERISA. During 2009, the Plan made purchases of approximately $141,348,730 and sales of approximately $269,162,190 of the Company’s common stock.
 
9.
Risk and Uncertainties
 
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.
 
10.
 Reconciliation of Financial Statements to Form 5500
 
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
 
   
December 31
  
   
2009
    
2008
  
             
Net assets available for benefits per the financial statements
   $ 10,237,953,940     $ 8,091,195,088  
Less: Adjustment from fair value to contract value for fully benefit-responsive investment contracts
     (16,921,697 )     (93,053,312 )
Net assets available for benefits per the Form 5500
   $ 10,221,032,243     $ 7,998,141,776  

The following is a reconciliation of the net investment gain per the financial statements for the year ended December 31, 2009, to the Form 5500:
 
Net investment gain per the financial statements
   $ 2,214,743,673  
Less: Current year adjustment from fair value to contract value for fully benefit-responsive investment contracts
     (16,921,697 )
Add: Prior year adjustment from fair value to contract value for fully benefit-responsive investment contracts
     93,053,312  
Net investment gain per the Form 5500
   $ 2,290,875,288  

 
21

 
Hewlett-Packard Company 401(k) Plan
 
Notes to Financial Statements (continued)

 
 
11.
 Subsequent Events
 
Effective January 1, 2010, new guidelines were imposed on participants' ability to invest in the HP common stock fund, with a goal of limiting investments in HP common stock to a maximum of 20% of a participant's portfolio. Under the new guidelines, if a participant's account currently has more than 20% invested in the HP common stock fund, the participant will not be forced to reduce his or her holdings; however, the investment election for ongoing contributions and loan repayments will be limited to a maximum of 20% in the HP common stock fund, and any percentage above the 20% limit for ongoing contributions will automatically be directed to the appropriate Birth Date Fund based on the year the participant was born.  In addition, the new guidelines provide that future requested exchanges into the HP common stock fund will be blocked if the requested change will cause the participant to exceed the 20% limit or if the participant is already at or above the 20% limit of the portfolio balance in the HP common stock fund.  Finally, the new guidelines provide that if the participant chooses to rebalance his or her portfolio, the respective holding in the HP common stock fund will be limited to a maximum of 20% regardless of the current investments in the HP common stock fund.
 

 
22

 
 
 Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
                   
Money market funds
            
*
Fidelity Institutional Cash Portfolio
  
     209,735,873
  
shares
  $ 
      209,735,873
                   
                   
Short-term investments
            
 
DREYFUS TREASURY CASH MGMT
  
       78,420,905
  
shares
  
           78,420,905
 
WACHOVIA BK NA BN 6% 11/15/17
  
            725,000
  
shares
  
                759,730
 
INTESA SANP Y$CD 3ML+64 6/9/10
  
            300,000
  
shares
  
                300,000
 
Interest-bearing cash
  
       43,185,156
  
units
  
           43,185,156
                 
         122,665,791
             
Registered investment companies
            
 
Mainstay I CAP Equity Portfolio
  
         2,699,452
  
shares
  
           85,437,671
 
Artisan International Fund
  
         4,353,067
  
shares
  
           89,934,358
 
PIMCO High Yield Fund
  
       11,488,638
  
shares
  
         100,008,604
 
Lazard Emerging Markets Portfolio
  
         7,866,491
  
shares
  
         141,675,497
 
PIMCO Real Return Fund
  
       15,597,998
  
shares
  
         168,302,178
 
Vanguard PRIMECAP ADM Fund
  
       11,161,507
  
shares
  
         688,218,529
 
American Funds New World Fund
  
         3,834,624
  
shares
  
         181,301,046
 
PIMCO Global Bond II Fund
  
         5,685,875
  
shares
  
           53,504,081
 
MFS International New Discovery Fund
  
         8,695,563
  
shares
  
         161,569,133
 
Dodge & Cox International Stock
  
         9,675,047
  
shares
  
         308,150,237
 
Domini Social Equity Fund
  
         1,915,442
  
shares
  
           15,572,541
*
Fidelity Contrafund
  
         9,823,511
  
shares
  
         572,514,247
*
Fidelity Low-Priced Stock Fund
  
       10,117,972
  
shares
  
         323,168,040
 
Dodge & Cox Stock Fund
  
         1,945,389
  
shares
  
         187,029,695
 
PIMCO Asset Backed Securities Fund
  
            582,744
  
shares
  
             5,308,802
 
PIMCO Emerging Markets Fund
  
            793,038
  
shares
  
             7,636,960
 
PIMCO International Portfolio
  
         5,349,352
  
shares
  
           22,413,783
 
PIMCO Investment Grade Corporate Portfolio
  
         5,219,650
  
shares
  
           51,831,127
 
PIMCO Mortgage Portfolio
  
       10,312,735
  
shares
  
         109,830,632
 
PIMCO Municipal Sector Portfolio
  
            995,226
  
shares
  
             8,031,478
 
PIMCO Short Term Portfolio Institutional
  
            713,416
  
shares
  
             6,106,843
 
PIMCO US Government Sector Portfolio
  
         4,860,466
  
shares
  
           45,007,914
 
Vanguard Extended Market Index
  
         5,574,261
  
shares
  
         182,166,856
 
CRM Midcap Value FD Institutional
  
         1,437,353
  
shares
  
           34,870,189
 
SPDR Trust - ETF
  
              17,600
  
shares
  
             1,961,343
                 
      3,551,551,784

 
23



Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c) 
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock
            
 
AAR CORP
  
              48,100
  
shares
  $
           1,105,338
 
ABB LTD (REG) (SWIT)
  
              52,500
  
shares
  
1,011,010
 
ABBOTT LABORATORIES
  
            129,800
  
shares
  
7,007,902
 
ACADIA REALTY TRUST
  
              34,359
  
shares
  
579,636
 
ACCENTURE LTD CL A
  
              86,995
  
shares
  
3,610,293
 
ACE LTD
  
              35,100
  
shares
  
1,769,040
 
ACTUANT CORP CL A
  
              20,172
  
shares
  
373,787
 
ADECCO SA
  
              16,800
  
shares
  
925,627
 
ADOBE SYSTEMS INC
  
            418,260
  
shares
  
15,383,603
 
ADTRAN INC
  
              17,729
  
shares
  
399,789
 
ADVANCE AUTO PARTS INC
  
              77,880
  
shares
  
3,152,582
 
ADVISORY BOARD CO
  
              66,600
  
shares
  
2,041,956
 
AECOM TECHNOLOGY CORP
  
            126,000
  
shares
  
3,465,000
 
AEON CO LTD
  
              64,900
  
shares
  
524,275
 
AEON MALL CO LTD
  
                8,600
  
shares
  
165,736
 
AERCAP HOLDINGS NV
  
            302,500
  
shares
  
2,740,650
 
AEROPOSTALE INC
  
              24,800
  
shares
  
844,440
 
AETNA INC
  
            135,800
  
shares
  
4,304,860
 
AFFILIATED MANAGERS GROUP
  
              14,700
  
shares
  
990,045
 
AGCO CORP
  
              14,317
  
shares
  
463,012
 
AGILENT TECHNOLOGIES INC
  
            153,000
  
shares
  
4,753,710
 
AHOLD NV, KONINKLIJKE
  
              82,920
  
shares
  
1,099,277
 
AIR GAS INC
  
              15,543
  
shares
  
739,847
 
AIR PRODUCTS & CHEMICALS
  
              20,500
  
shares
  
1,661,730
 
ALBEMARLE CORP
  
              13,155
  
shares
  
478,447
 
ALBERTO CULVER CO NEW
  
            154,400
  
shares
  
4,522,376
 
ALCON INC
  
            132,300
  
shares
  
14,984,217
 
ALEXANDRIA REAL ESTATE EQ INC REIT
  
              36,800
  
shares
  
2,365,872
 
ALLGREEN PROPERTIES LTD
  
              89,000
  
shares
  
77,909
 
ALLIANCE DATA SYSTEMS CORP
  
              96,199
  
shares
  
6,213,493
 
ALLIANZ SE
  
              12,500
  
shares
  
1,556,250
 
ALLREAL HOLDING AG
  
                   447
  
shares
  
53,099
 
ALLSTATE CORPORATION
  
            104,100
  
shares
  
3,127,164
 
ALPHA NAT RES INC
  
              17,400
  
shares
  
754,812
 
ALSTRIA OFFICE REIT-AG
  
                9,605
  
shares
  
103,132
 
24
 
 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
   (c)   
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
ALTERA CORP
  
            126,500
  
shares
  $
          2,862,695
 
ALTRIA GROUP INC
  
            219,100
  
shares
  
4,300,933
 
AMAZON.COM INC
  
            167,700
  
shares
  
22,559,004
 
AMB PROPERTY CORP REIT
  
              41,074
  
shares
  
1,049,441
 
AMCOR LTD
  
              55,502
  
shares
  
310,595
 
AMDOCS LTD
  
            130,000
  
shares
  
3,708,900
 
AMEDISYS INC
  
              44,400
  
shares
  
2,156,064
 
AMERICAN EAGLE OUTFITTERS INC
  
              71,600
  
shares
  
1,215,768
 
AMERICAN ECOLOGY CORP
  
            121,700
  
shares
  
2,073,768
 
AMERIPRISE FINANCIAL INC
  
              49,000
  
shares
  
1,902,180
 
AMGEN INC
  
              55,300
  
shares
  
3,128,321
 
AMPHENOL CORPORATION CL A
  
            100,397
  
shares
  
4,636,333
 
AMYLIN PHARMACEUTICALS
  
              59,100
  
shares
  
838,629
 
ANALOG DEVICES INC
  
            386,900
  
shares
  
12,218,302
 
ANGLO AMER PLC (UK)
  
              22,500
  
shares
  
985,811
 
ANHEUSER BUSCH INBEV NV
  
              49,935
  
shares
  
2,601,858
 
ANIXTER INTL INC
  
              42,366
  
shares
  
1,995,439
 
ANN TAYLOR STORES CORP
  
              50,600
  
shares
  
690,184
 
ANSYS INC
  
              21,786
  
shares
  
946,820
 
APACHE CORP
  
              43,900
  
shares
  
4,529,163
 
APARTMENT INV & MGMT CO A REIT
  
              30,570
  
shares
  
486,674
 
APOLLO GROUP INC CL A
  
              48,540
  
shares
  
2,940,553
 
APPLE INC
  
            200,535
  
shares
  
42,284,810
 
APTARGROUP INC
  
              34,148
  
shares
  
1,220,450
 
ARCELORMITTAL SA (NETH)
  
              44,158
  
shares
  
2,034,381
 
ARCH CHEMICALS INC
  
              46,400
  
shares
  
1,432,832
 
ARENA RESOURCES INC
  
              28,100
  
shares
  
1,211,672
 
ARRIS GROUP INC
  
              52,700
  
shares
  
602,361
 
ARTIO GLOBAL INVESTORS CL A
  
              18,087
  
shares
  
461,038
 
ARUBA NETWORKS INC
  
              39,502
  
shares
  
421,091
 
ASAHI BREWERIES LTD
  
              38,100
  
shares
  
700,690
 
ASCENDAS REAL ESTATE INVEST TR
  
            484,700
  
shares
  
765,806
 
ASML HOLDING NV (NETH)
  
              43,600
  
shares
  
1,486,611
 
ASSISTED LIVING CON CL A
  
                6,254
  
shares
  
164,918
 
ASSOCIATED BRITISH FOODS
  
              19,900
  
shares
  
264,367
 
ASSURED GUARANTY LTD
  
              67,000
  
shares
  
1,457,920
               
 
25
 
 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
ASTRAZENECA PLC (UK)
  
              39,000
  
shares
  $
          1,833,972
 
AT&T INC
  
            262,450
  
shares
  
7,356,474
 
ATHEROS COMMUNICATIONS INC
  
              71,507
  
shares
  
2,448,400
 
ATLAS AIR WORLD
  
              75,000
  
shares
  
2,793,750
 
ATLAS COPCO AB SER A
  
              47,993
  
shares
  
705,947
 
ATRIUM EUROPEAN REAL ESTATE LT
  
              62,770
  
shares
  
422,364
 
AU OPTRONICS CORP SPON ADR
  
              53,838
  
shares
  
645,518
 
AUSTRALIA & NZ BANKING GRP
  
              52,300
  
shares
  
1,074,868
 
AUTOLIV INC
  
              13,217
  
shares
  
573,089
 
AUTOMATIC DATA PROCESSING INC
  
              43,525
  
shares
  
1,863,741
 
AVALONBAY COMMUNITIES INC REIT
  
              28,530
  
shares
  
2,342,598
 
AVIVA PLC
  
              65,801
  
shares
  
423,144
 
BAE SYSTEMS PLC
  
            321,974
  
shares
  
1,870,688
 
BAIDU INC SPON ADR
  
              12,630
  
shares
  
5,193,835
 
BALDOR ELEC CO
  
              94,200
  
shares
  
2,646,078
 
BALLY TECHNOLOGIES INC
  
              36,684
  
shares
  
1,514,682
 
BANCO SANTANDER SA
  
            286,240
  
shares
  
4,723,754
 
BANCORPSOUTH INC
  
              23,200
  
shares
  
544,272
 
BANK AMERICA (1DS/1WT) PFD
  
            372,300
  
shares
  
5,554,716
 
BANK OF AMERICA CORPORATION
  
            439,600
  
shares
  
6,620,376
 
BANPU PUB CO LTD - NVDR
  
              24,000
  
shares
  
413,274
 
BARCLAYS PLC ORD
  
            166,500
  
shares
  
734,108
 
BARRICK GOLD CORP
  
              10,300
  
shares
  
405,614
 
BASF SE
  
              14,600
  
shares
  
908,405
 
BAXTER INTL INC
  
            184,400
  
shares
  
10,820,592
 
BAYER AG
  
              37,814
  
shares
  
3,029,474
 
BE AEROSPACE INC
  
              41,300
  
shares
  
970,550
 
BEFIMMO SCA SICAFI
  
                1,377
  
shares
  
121,831
 
BENI STABILI SPA AZ
  
            314,474
  
shares
  
258,875
 
BEST BUY CO INC
  
              65,000
  
shares
  
2,564,900
 
BG GROUP PLC
  
            121,486
  
shares
  
2,202,930
 
BGP HOLDINGS PLC (UNLIST)
  
         1,317,017
  
shares
  
19
 
BHP BILLITON LTD
  
                7,100
  
shares
  
271,694
 
BHP BILLITON PLC
  
              62,106
  
shares
  
2,002,434
 
BIG LOTS INC
  
            119,000
  
shares
  
3,448,620
 
BIG YELLOW GROUP PLC
  
              41,378
  
shares
  
236,731
               
 
26
 
 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
BIO RAD LABS CL A
  
              55,000
  
shares
  $
           5,305,300
 
BLACKBOARD INC
  
              75,000
  
shares
  
3,404,250
 
BMW AG (BAYER MTR WKS) (GERW)
  
              19,300
  
shares
  
878,661
 
BNP PARIBAS (FRAN)
  
              21,560
  
shares
  
1,725,430
 
BOEING CO
  
              52,510
  
shares
  
2,842,366
 
BOSTON PPTY CV
  
            275,000
  
shares
  
269,844
 
BOSTON PROPERTIES INC
  
              30,010
  
shares
  
2,012,771
 
BOUYGUES ORD
  
                7,800
  
shares
  
406,753
 
BOWNE & CO INC
  
              59,400
  
shares
  
396,792
 
BP PLC
  
            273,300
  
shares
  
2,640,587
 
BP PLC SPON ADR
  
              95,400
  
shares
  
5,530,338
 
BR MALLS PARTICIPACOES SA
  
              45,000
  
shares
  
553,012
 
BRE PROPERTIES INC
  
              15,000
  
shares
  
496,200
 
BRISTOW GROUP INC
  
              67,489
  
shares
  
2,594,952
 
BRITISH AIRWAYS PLC ORD
  
            217,000
  
shares
  
655,467
 
BRITISH AMER TOBACCO PLC (UK)
  
              63,542
  
shares
  
2,064,000
 
BRITISH LAND CO PLC
  
            256,592
  
shares
  
1,990,518
 
BRITISH SKY BROADCAST GRP PLC
  
              67,860
  
shares
  
616,356
 
BROADCOM CORP CL A
  
              66,445
  
shares
  
2,089,695
 
BROOKDALE SENIOR LIVING INC
  
            134,799
  
shares
  
2,451,994
 
BROOKFIELD PPTYS CORP
  
            124,820
  
shares
  
1,512,818
 
BRUKER CORP
  
            215,600
  
shares
  
2,600,136
 
BRUSH ENGINEERED MATERIALS INC
  
              12,165
  
shares
  
225,539
 
BT GROUP PLC
  
            214,310
  
shares
  
467,006
 
CABOT CORP
  
              74,400
  
shares
  
1,951,512
 
CABOT OIL & GAS CORP
  
              45,385
  
shares
  
1,978,332
 
CADENCE DESIGN SYSTEMS INC
  
              46,945
  
shares
  
281,201
 
CALLOWAY REAL EST INVT TR REIT
  
              19,700
  
shares
  
365,818
 
CAMDEN PROPERTY TRUST - REIT
  
              32,120
  
shares
  
1,360,924
 
CAMERON INTL CORP
  
              36,500
  
shares
  
1,525,700
 
CANADIAN REAL INVEST TR (REIT)
  
                5,200
  
shares
  
134,225
 
CAPITACOMMERCIAL TRUST REIT
  
            604,000
  
shares
  
502,939
 
CAPITAL & REGIONAL PLC
  
            147,881
  
shares
  
81,857
 
CAPITAL SR LIVING CORP
  
                5,650
  
shares
  
28,363
 
CAPITALAND LTD
  
            595,900
  
shares
  
1,781,211
 
CAPITAMALL TRUST REIT
  
            532,900
  
shares
  
682,670

 
27

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
CARDINAL HEALTH INC
  
            104,205
  
shares
   $ 
         3,359,569
 
CARLISLE COS INC
  
            116,708
  
shares
  
3,998,416
 
CARLSBERG AS CL B
  
                7,075
  
shares
  
522,658
 
CARNIVAL PLC
  
              47,109
  
shares
  
1,605,863
 
CASINO GUICHARD PERRACHON ORD
  
                7,200
  
shares
  
644,552
 
CASTELLUM AB
  
              44,340
  
shares
  
449,055
 
CASTLE (A.M.) & CO
  
              49,400
  
shares
  
676,286
 
CELESIO AG
  
              14,400
  
shares
  
364,899
 
CELGENE CORP
  
            171,300
  
shares
  
9,537,984
 
CENTENE CORP
  
              78,641
  
shares
  
1,664,830
 
CENTRAL EURO DIST CORP (USA)
  
              13,874
  
shares
  
394,160
 
CENTRICA PLC
  
            181,550
  
shares
  
824,781
 
CENTURYTEL INC
  
              20,900
  
shares
  
756,789
 
CEPHALON INC
  
              76,600
  
shares
  
4,780,606
 
CFS RETAIL PROPERTY TRUST
  
            466,379
  
shares
  
795,957
 
CH ROBINSON WORLDWIDE INC
  
                4,900
  
shares
  
287,777
 
CHEESECAKE FACTORY INC
  
              19,700
  
shares
  
425,323
 
CHICAGO BRIDGE & IRON (NY REG)
  
            112,600
  
shares
  
2,276,772
 
CHILDRENS PL RETAIL STORES INC
  
              39,100
  
shares
  
1,290,691
 
CHINA COAL ENERGY CO LTD H
  
            303,000
  
shares
  
556,472
 
CHINA OVERSEAS LAND & INV LTD
  
            906,000
  
shares
  
1,916,298
 
CHINA RESOURCES LAND LTD
  
         1,045,259
  
shares
  
2,378,009
 
CHIPOTLE MEXICAN GRILL INC
  
                1,955
  
shares
  
172,353
 
CISCO SYSTEMS INC
  
            711,550
  
shares
  
17,034,507
 
CITY DEVELOPEMENT LTD
  
                4,000
  
shares
  
32,909
 
CITY NATIONAL CORP
  
              36,500
  
shares
  
1,664,400
 
CLARCOR INC
  
              79,300
  
shares
  
2,572,492
 
CLEAN HARBORS INC
  
              53,000
  
shares
  
3,159,330
 
CLIFFS NATURAL RESOURCES INC
  
              19,200
  
shares
  
884,928
 
COACH INC
  
            103,230
  
shares
  
3,770,992
 
COBALT INTL ENERGY INC
  
            234,600
  
shares
  
3,246,864
 
COHERENT INC
  
              11,700
  
shares
  
347,841
 
COLGATE-PALMOLIVE CO
  
            103,200
  
shares
  
8,477,880
 
COLONY FINANCIAL INC
  
                5,660
  
shares
  
115,294
 
COLUMBIA BANKING SYSTEMS INC
  
              57,100
  
shares
  
923,878
 
COMINAR REAL ESTAT INV TR UNIT
  
                9,000
  
shares
  
165,755
 
 
28
 

 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
COMMERCIAL METALS CO
  
61,400
  
shares
$
960,910
 
COMMONWEALTH PROP OFFICE UNITS
  
343,567
  
shares
  
299,351
 
COMSTOCK RESOURCES INC NEW
  
93,700
  
shares
  
3,801,409
 
COMTECH TELECOMMUNICATIONS NEW
  
30,200
  
shares
  
1,058,510
 
COMVERSE TECHNOLOGY INC
  
52,456
  
shares
  
495,709
 
CON WAY INC
  
12,000
  
shares
  
418,920
 
CONCUR TECHNOLOGIES INC
  
8,669
  
shares
  
370,600
 
CONOCOPHILLIPS
  
49,680
  
shares
  
2,537,158
 
CONSOL ENERGY INC
  
19,900
  
shares
  
991,020
 
CONSTELLATION BRANDS INC CL A
  
128,100
  
shares
  
2,040,633
 
CONWERT IMMOBIL INVEST AG
  
9,752
  
shares
  
119,231
 
COOPER COMPANIES INC
  
44,500
  
shares
  
1,696,340
 
COOPER TIRE & RUBBER COMPANY
  
74,900
  
shares
  
1,501,745
 
CORE LABORATORIES NV
  
29,263
  
shares
  
3,456,546
 
CORIO NV
  
22,064
  
shares
  
1,506,428
 
CORNING INC
  
113,530
  
shares
  
2,192,264
 
CORPORATE EXECUTIVE BRD C
  
59,900
  
shares
  
1,366,918
 
COSTAR GROUP INC
  
76,900
  
shares
  
3,212,113
 
COSTCO WHOLESALE CORP
  
138,800
  
shares
  
8,212,796
 
COUSINS PROPERTIES INC
  
21,999
  
shares
  
167,852
 
COVIDIEN LTD
  
130,290
  
shares
  
6,239,588
 
CREDIT AGRICOLE SA
  
69,938
  
shares
  
1,237,566
 
CREDIT SUISSE GRP (REG)
  
54,975
  
shares
  
2,720,906
 
CREE INC
  
72,179
  
shares
  
4,068,730
 
CREXUS INVT CO
  
5,860
  
shares
  
81,806
 
CRH PLC
  
23,700
  
shares
  
648,065
 
CULLEN FROST BANKERS INC
  
16,600
  
shares
  
830,000
 
CUMMINS INC
  
60,400
  
shares
  
2,769,944
 
CURTISS WRIGHT CORPORATION
  
88,500
  
shares
  
2,771,820
 
CVS CAREMARK CORP
  
34,165
  
shares
  
1,100,455
 
CYBERSOURCE CORP
  
39,556
  
shares
  
795,471
 
CYPRESS BIOSCIENCES INC
  
98,400
  
shares
  
566,784
 
CYTEC INDUSTRIES INC
  
36,825
  
shares
  
1,341,167
 
DANAHER CORP
  
24,335
  
shares
  
1,829,992
 
DANSKE BK AS
  
34,200
  
shares
  
776,368
 
DANVERS BANCORP INC
  
56,300
  
shares
  
731,337

 
29
 
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
DAVITA INC
  
200,000
  
shares
$
11,748,000
 
DCT INDUSTRIAL TRUST INC REIT
  
44,450
  
shares
  
223,139
 
DELL INC
  
127,550
  
shares
  
1,831,618
 
DELTA AIR INC
  
63,300
  
shares
  
720,354
 
DENBURY RESOURCES INC
  
221,200
  
shares
  
3,273,760
 
DENTSPLY INTL INC
  
16,371
  
shares
  
575,768
 
DERWENT LONDON PLC
  
12,917
  
shares
  
275,561
 
DERWENT LONDON PLC
  
20,850
  
shares
  
444,797
 
DEUTSCHE BANK AG (GERW)
  
19,800
  
shares
  
1,404,018
 
DEUTSCHE EUROSHOP AG
  
3,960
  
shares
  
134,193
 
DEUTSCHE POST AG
  
64,070
  
shares
  
1,236,923
 
DEUTSCHE TELEKOM AG (REGD)
  
68,700
  
shares
  
1,009,890
 
DEUTSCHE WOHNEN (BR)
  
7,320
  
shares
  
70,214
 
DEVELOPMENT SECURITIES PLC
  
19,130
  
shares
  
105,659
 
DEVRY INC
  
31,400
  
shares
  
1,781,322
 
DEXUS PROPERTY GRP STAPLED UNT
  
1,466,166
  
shares
  
1,119,436
 
DICKS SPORTING GOODS INC
  
25,651
  
shares
  
637,940
 
DIGITAL REALTY TRUST INC
  
18,110
  
shares
  
910,571
 
DISCOVERY COMM INC CL C NON-VO
  
125,000
  
shares
  
3,315,000
 
DISCOVERY COMMUNICATIONS CL A
  
55,200
  
shares
  
1,692,984
 
DISNEY (WALT) CO
  
441,200
  
shares
  
14,228,700
 
DOLBY LABORATORIES INC CL A
  
54,000
  
shares
  
2,577,420
 
DOLLAR GENERAL CORP
  
105,200
  
shares
  
2,359,636
 
DOMINION RESOURCES INC VA
  
76,950
  
shares
  
2,994,894
 
DONALDSON CO INC
  
26,400
  
shares
  
1,123,056
 
DOVER CORP
  
29,200
  
shares
  
1,215,012
 
DOW CHEMICAL CO
  
67,410
  
shares
  
1,862,538
 
DR PEPPER SNAPPLE GROUP
  
131,670
  
shares
  
3,726,261
 
DRESS BARN INC
  
92,599
  
shares
  
2,139,037
 
DRIL-QUIP INC
  
65,000
  
shares
  
3,671,200
 
DRYSHIPS INC
  
49,944
  
shares
  
290,674
 
DUKE REALTY CORP REIT
  
58,680
  
shares
  
714,136
 
EON AG
  
39,400
  
shares
  
1,648,777
 
EAST JAPAN RAILWAY CO
  
4,600
  
shares
  
290,063
 
EBAY INC
  
137,425
  
shares
  
3,234,985
 
EDWARDS LIFESCIENCES CORP
  
5,523
  
shares
  
479,673

 
30

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
ELAN CORP PLC ADR
  
208,400
  
shares
$
1,358,768
 
ELECTRICITE DE FRANCE
  
16,600
  
shares
  
987,690
 
ELPIDA MEMORY INC
  
30,200
  
shares
  
488,572
 
EMERGENCY MEDICAL SVCS CL A
  
57,000
  
shares
  
3,086,550
 
ENEL (ENTE NAZ ENERG ELET) SPA
  
94,200
  
shares
  
545,852
 
ENI SPA
  
62,500
  
shares
  
1,589,504
 
ENPRO INDUSTRIES INC
  
51,500
  
shares
  
1,360,115
 
ENTERTAINMENT PPTYS TR REIT
  
42,100
  
shares
  
1,484,867
 
EOG RESOURCES INC
  
61,085
  
shares
  
5,943,571
 
EQUINIX INC
  
5,419
  
shares
  
575,227
 
EQUITY LIFESTYLE PPTYS INC
  
13,250
  
shares
  
668,728
 
EQUITY RESIDENTIAL (REIT)
  
94,080
  
shares
  
3,178,022
 
ESPRIT HOLDINGS LTD
  
127,840
  
shares
  
853,234
 
ESSEX PROPERTY TRUST INC
  
3,960
  
shares
  
331,254
 
EUROCOMMERCIAL CVA
  
14,108
  
shares
  
581,694
 
EURONET WORLDWIDE INC
  
14,106
  
shares
  
309,627
 
EXELON CORP
  
56,200
  
shares
  
2,746,494
 
EXPRESS SCRIPTS INC
  
23,900
  
shares
  
2,066,155
 
EXTENDICARE REAL ESTATE INV TR
  
8,130
  
shares
  
73,666
 
EXTRA SPACE STORAGE INC
  
12,800
  
shares
  
147,840
 
EXXON MOBIL CORP
  
107,525
  
shares
  
7,332,130
 
F5 NETWORKS INC
  
9,689
  
shares
  
513,323
 
FASTENAL CO
  
14,361
  
shares
  
597,992
 
FEDERAL REALTY INVESTMENT TR
  
20,660
  
shares
  
1,399,095
 
FEDEX CORP
  
39,200
  
shares
  
3,271,240
 
FERRO CORP
  
205,900
  
shares
  
1,696,616
 
FINANCIAL FEDERAL CORP
  
103,600
  
shares
  
2,849,000
 
FIRST HORIZON NATIONAL CORP
  
25,082
  
shares
  
336,099
 
FLOWERS FOODS INC
  
119,300
  
shares
  
2,834,568
 
FMC CORP NEW
  
40,695
  
shares
  
2,269,153
 
FONCIERE DES REGIONS
  
4,136
  
shares
  
213,075
 
FOREST CITY ENTERPRISES CL A
  
63,300
  
shares
  
745,674
 
FOREST LABORATORIES INC
  
55,600
  
shares
  
1,785,316
 
FOREST OIL CORP
  
38,100
  
shares
  
847,725
 
FORTIS RTS
  
42,400
  
shares
  
1
 
FORTUNE BRANDS INC
  
67,700
  
shares
  
2,924,640

 
31

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
FOSSIL INC
  
52,100
  
shares
$
1,748,476
 
FOSTER WHEELER AG
  
23,212
  
shares
  
683,361
 
FPL GROUP INC
  
57,850
  
shares
  
3,055,637
 
FRANCE TELECOM SA
  
44,500
  
shares
  
1,110,505
 
FRANKLIN RESOURCES INC
  
27,065
  
shares
  
2,851,298
 
FREEPORT MCMORAN COPPER &
  
13,400
  
shares
  
1,075,886
 
FRESENIUS MED CARE AG & CO AKT
  
9,200
  
shares
  
486,543
 
FRONTIER REAL ESTATE INV CORP
  
28
  
shares
  
198,518
 
FTI CONSULTING INC
  
8,058
  
shares
  
380,015
 
GAMESA CORPORACION TECNOLOG SA
  
38,390
  
shares
  
647,716
 
GAMESTOP CORP CL A
  
122,662
  
shares
  
2,691,204
 
GAP INC
  
437,600
  
shares
  
9,167,720
 
GARDNER DENVER INC
  
69,200
  
shares
  
2,944,460
 
GATX CORP
  
62,900
  
shares
  
1,808,375
 
GECINA
  
970
  
shares
  
105,736
 
GECINA
  
2,360
  
shares
  
257,254
 
GENERAL DYNAMICS CORPORATION
  
49,670
  
shares
  
3,386,004
 
GENERAL ELECTRIC CO
  
101,580
  
shares
  
1,536,905
 
GENERAL MILLS INC
  
31,910
  
shares
  
2,259,547
 
GENESCO INC
  
33,134
  
shares
  
909,860
 
GENESEE & WYOMING CL A
  
82,966
  
shares
  
2,708,010
 
GENTEX CORP
  
150,000
  
shares
  
2,677,500
 
GENTIVA HEALTH SERVICES INC
  
71,600
  
shares
  
1,933,916
 
GENWORTH FINANCIAL INC A
  
101,710
  
shares
  
1,154,409
 
GENZYME CORP
  
6,000
  
shares
  
294,060
 
GEO GROUP INC
  
17,088
  
shares
  
373,885
 
GILEAD SCIENCES INC
  
302,900
  
shares
  
13,109,512
 
GLACIER BANCORP INC
  
125,000
  
shares
  
1,715,000
 
GLAXOSMITHKLINE PLC
  
92,400
  
shares
  
1,960,578
 
GLOBAL PAYMENTS INC
  
154,325
  
shares
  
8,311,945
 
GLORIOUS PROPERTY HOLDINGS LTD
  
481,000
  
shares
  
217,743
 
GOLDMAN SACHS GROUP INC
  
154,700
  
shares
  
26,119,548
 
GOODMAN GROUP (STAPLE)
  
1,548,595
  
shares
  
883,301
 
GOODRICH PETRO CORP
  
25,400
  
shares
  
618,490
 
GOOGLE INC A
  
56,007
  
shares
  
34,723,220
 
GPT GROUP REIT STAPLED
  
992,500
  
shares
  
539,365

 
32

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
GPT GROUP REIT STAPLED
  
1,348,561
  
shares
$
732,864
 
GRACO INC
  
113,200
  
shares
  
3,234,124
 
GRAINGER PLC
  
266,635
  
shares
  
551,580
 
GRAND CANYON EDUCATION INC
  
182,000
  
shares
  
3,459,820
 
GRANITE CONSTRUCTION INC
  
49,330
  
shares
  
1,660,448
 
GREAT EAGLE HOLDINGS LTD
  
62,600
  
shares
  
163,086
 
GREAT PORTLAND ESTATES PLC
  
68,441
  
shares
  
317,564
 
GREATBATCH INC
  
60,400
  
shares
  
1,161,492
 
GREIF INC CL A
  
29,000
  
shares
  
1,565,420
 
GUANGZHOU R&F PROPERTIES CO H
  
326,800
  
shares
  
577,422
 
GUESS INC
  
12,023
  
shares
  
508,573
 
GYMBOREE CORP
  
16,300
  
shares
  
708,887
 
H&R REIT / H&R FIN TR STAPLED
  
17,600
  
shares
  
258,811
 
HAEMONETICS CORP MASS
  
69,000
  
shares
  
3,805,350
 
HAMMERSON PLC
  
203,124
  
shares
  
1,391,902
 
HANA FINANCIAL GROUP INC
  
18,800
  
shares
  
530,429
 
HANG LUNG PROPERTIES LTD
  
528,000
  
shares
  
2,083,754
 
HARTFORD FINL SVCS GROUP INC
  
111,200
  
shares
  
2,586,512
 
HCP INC REIT
  
54,390
  
shares
  
1,661,071
 
HEALTHCARE REALTY TRUST INC
  
26,470
  
shares
  
568,046
 
HEALTHSOUTH CORP
  
16,463
  
shares
  
309,011
 
HEALTHSPRING INC
  
98,600
  
shares
  
1,736,346
 
HEARTLAND EXPRESS INC
  
125,766
  
shares
  
1,920,447
 
HELICAL BAR PLC
  
38,410
  
shares
  
212,301
 
HENDERSON LAND DEVMT CO LTD
  
323,600
  
shares
  
2,437,319
 
HENRY (JACK) & ASSOC INC
  
221,900
  
shares
  
5,130,328
 
HENRY SCHEIN INC
  
6,243
  
shares
  
328,382
 
HERBALIFE LTD
  
115,000
  
shares
  
4,665,550
 
HESS CORP
  
84,774
  
shares
  
5,128,827
 
HEXCEL CORPORATION
  
290,500
  
shares
  
3,770,690
 
HIGHWOODS PROPERTIES INC
  
22,400
  
shares
  
747,040
 
HITTITE MICROWAVE CORP
  
11,547
  
shares
  
470,540
 
HON HAI PRECISION IND CO LTD
  
177,000
  
shares
  
838,246
 
HON HAI PRESCN (CS)(ELN)11/10
  
113,800
  
shares
  
539,025
 
HONDA MOTOR CO LTD
  
50,000
  
shares
  
1,697,255
 
HONG KONG EXCHS & CLEARING LTD
  
80,700
  
shares
  
1,450,866

 
33

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
HONGKONG LAND HLDGS LTD
  
705,000
  
shares
$
3,489,750
 
HOST HOTELS & RESORTS INC
  
187,357
  
shares
  
2,186,456
 
HSBC HOLDINGS PLC (UK REG)
  
179,404
  
shares
  
2,047,908
 
HUB GROUP INC CL A
  
73,943
  
shares
  
1,983,891
 
HUFVUDSTADEN (FASTIG) AB SER A
  
45,422
  
shares
  
344,217
 
HUNT J B TRANSPORT SERVICES IN
  
61,650
  
shares
  
1,989,446
 
HYATT HOTELS CORP CL A
  
10,200
  
shares
  
304,062
 
HYSAN DEVELOPMENT CO LTD
  
196,772
  
shares
  
559,581
 
ICADE REIT
  
7,491
  
shares
  
715,860
 
ICON PLC ADR
  
14,460
  
shares
  
314,216
 
IDEX CORPORATION
  
23,602
  
shares
  
735,202
 
IDEXX LABS INC
  
8,664
  
shares
  
463,004
 
IHS INC
  
45,400
  
shares
  
2,488,374
 
II-VI INC.
  
33,700
  
shares
  
1,071,660
 
ILLINOIS TOOL WORKS INC
  
25,600
  
shares
  
1,228,544
 
ILLUMINA INC
  
101,233
  
shares
  
3,102,791
 
IMPALA PLATINUM HOLDINGS LTD
  
11,500
  
shares
  
315,032
 
INDUSTRIAL & COM BK OF CHINA H
  
1,297,000
  
shares
  
1,077,251
 
INFORMATICA CORP
  
101,400
  
shares
  
2,622,204
 
ING OFFICE FUND STAPLED UNITS
  
701,500
  
shares
  
403,278
 
INGERSOLL RAND CO LTD CL A
  
46,135
  
shares
  
1,648,865
 
INTEGRA LIFESCIENCES HLDS CORP
  
12,914
  
shares
  
474,977
 
INTEL CORP
  
368,900
  
shares
  
7,525,560
 
INTERACTIVE DATA CORP
  
100,300
  
shares
  
2,537,590
 
INTERNATIONAL RECTIFIER CORP
  
22,842
  
shares
  
505,265
 
INTERSIL CORPORATION CL A
  
45,180
  
shares
  
693,061
 
INTL BUS MACH CORP
  
54,000
  
shares
  
7,068,600
 
INTREPID POTASH INC
  
12,521
  
shares
  
365,238
 
INVACARE CORP
  
67,000
  
shares
  
1,670,980
 
INVERNESS MED INNOVATIONS INC
  
10,996
  
shares
  
456,444
 
INVESCO LTD
  
266,300
  
shares
  
6,255,387
 
ISRAEL CHEMICAL LTD
  
28,000
  
shares
  
369,150
 
ITOCHU CORP
  
99,000
  
shares
  
725,298
 
JAPAN EXCELLENT INC REIT
  
10
  
shares
  
44,366
 
JAPAN LOGISTICS FUND INC
  
35
  
shares
  
256,419
 
JAPAN REAL ESTATE INVESTMENT
  
101
  
shares
  
742,121

 
34

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
JARDEN CORP
  
68,900
  
shares
$
2,129,699
 
JFE HOLDINGS INC
  
22,700
  
shares
  
890,053
 
JOHNSON CONTROLS INC
  
141,100
  
shares
  
3,843,564
 
JOY GLOBAL INC
  
8,926
  
shares
  
460,492
 
JPMORGAN CHASE & CO
  
179,670
  
shares
  
7,486,849
 
JSC MMC NORILSK NICKL SPON ADR
  
40,871
  
shares
  
586,499
 
JULIUS BAER HLDG AG
  
39,722
  
shares
  
1,395,612
 
JUNIPER NETWORKS INC
  
166,200
  
shares
  
4,432,554
 
KANSAS CITY SOUTHERN
  
150,300
  
shares
  
5,003,487
 
KAYDON CORP
  
29,500
  
shares
  
1,054,920
 
KB FINANCIAL GROUP INC ADR
  
14,333
  
shares
  
728,833
 
KBW INC
  
44,700
  
shares
  
1,222,992
 
KDDI CORP
  
114
  
shares
  
603,738
 
KENEDIX REALTY INV CORP REIT
  
64
  
shares
  
174,627
 
KENNAMETAL INC
  
71,200
  
shares
  
1,845,504
 
KEPPEL LAND LTD
  
102,000
  
shares
  
254,074
 
KERRY PROPERTIES LTD
  
446,300
  
shares
  
2,273,605
 
KEY ENERGY SERVICES INC
  
155,500
  
shares
  
1,366,845
 
KGHM POLSKA MIEDZ SA (BR)
  
6,800
  
shares
  
251,342
 
KILROY REALTY CORP
  
4,790
  
shares
  
146,909
 
KIMBERLY CLARK CORP
  
32,200
  
shares
  
2,051,462
 
KIMCO REALTY CORPORATION
  
10,900
  
shares
  
147,477
 
KIRBY CORP
  
62,200
  
shares
  
2,166,426
 
KITE REALTY GROUP TRUST
  
11,270
  
shares
  
45,869
 
KLEPIERRE SA
  
45,746
  
shares
  
1,859,325
 
KNIGHT TRANSPORTATION INC
  
53,247
  
shares
  
1,027,135
 
KOHLS CORP
  
149,100
  
shares
  
8,040,963
 
KONINKLIJKE DSM NV
  
5,300
  
shares
  
261,474
 
KOPPERS HLDGS INC
  
63,000
  
shares
  
1,917,720
 
KWG PROPERTY HOLDING LIMITED
  
93,500
  
shares
  
72,232
 
LAGARDERE SCA (REG)
  
16,800
  
shares
  
683,309
 
LAM RESEARCH CORP
  
16,078
  
shares
  
630,418
 
LAND SECURITIES GROUP PLC
  
232,788
  
shares
  
2,577,109
 
LEAP WIRELESS INTL INC
  
61,100
  
shares
  
1,072,305
 
LEND LEASE CORP LTD
  
35,000
  
shares
  
322,876
 
LG DISPLAY CO LTD
  
17,700
  
shares
  
595,781

 
35

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
LI & FUNG LTD
  
156,000
  
shares
$
 648,852
 
LIBERTY INTL PLC (UK)
  
171,020
  
shares
  
1,423,429
 
LIBERTY PROPERTY TRUST - REIT
  
47,450
  
shares
  
1,518,875
 
LIFE TECHNOLOGIES CORP
  
10,107
  
shares
  
527,889
 
LILLY (ELI) & CO
  
92,500
  
shares
  
3,303,175
 
LINEAR TECHNOLOGY CORP
  
116,000
  
shares
  
3,542,640
 
LINK REAL ESTATE INVEST
  
224,600
  
shares
  
574,122
 
LITTELFUSE INC
  
54,218
  
shares
  
1,743,109
 
LKQ CORP
  
28,638
  
shares
  
561,018
 
LOCKHEED MARTIN CORP
  
16,470
  
shares
  
1,241,015
 
LONGFOR PROPERTIES CO LTD REGS
  
135,400
  
shares
  
152,798
 
L'OREAL SA ORD
  
8,501
  
shares
  
949,296
 
LORILLARD INC
  
33,500
  
shares
  
2,687,705
 
LOUISIANA PACIFIC CORP
  
131,300
  
shares
  
916,474
 
LTC PROPERTIES INC REIT
  
3,860
  
shares
  
103,255
 
LUBRIZOL CORP
  
6,170
  
shares
  
450,102
 
LUFKIN INDUSTRIES INC
  
20,300
  
shares
  
1,485,960
 
LUKOIL OIL CO SPONS ADR
  
10,150
  
shares
  
572,460
 
MACERICH COMPANY
  
43,201
  
shares
  
1,553,076
 
MACK CALI REALTY CORP REIT
  
16,310
  
shares
  
563,837
 
MACQUARIE GROUP LTD
  
66,100
  
shares
  
2,873,717
 
MACQUARIE INFR GRP STAPLED SEC
  
175,391
  
shares
  
210,323
 
MACYS INC
  
44,500
  
shares
  
745,820
 
MAGELLAN HLTH SERVICES INC
  
115,000
  
shares
  
4,683,950
 
MAN GROUP PLC
  
228,756
  
shares
  
1,140,537
 
MANTECH INTL CORP CL A
  
66,800
  
shares
  
3,225,104
 
MARATHON OIL CORP
  
158,950
  
shares
  
4,962,419
 
MARKS & SPENCER GROUP PLC
  
68,600
  
shares
  
445,689
 
MARRIOTT INTERNATIONAL INC A
  
213,471
  
shares
  
5,817,085
 
MARSH & MCLENNAN COS INC
  
73,600
  
shares
  
1,625,088
 
MARTIN MARIETTA MATERIALS
  
23,000
  
shares
  
2,056,430
 
MASSEY ENERGY CORP
  
33,710
  
shares
  
1,416,157
 
MASTERCARD INC CL A
  
63,700
  
shares
  
16,305,926
 
MAX CAPITAL GROUP LTD
  
206,000
  
shares
  
4,593,800
 
MAXIM INTEGRATED PRODUCTS
  
157,940
  
shares
  
3,206,182
 
MAXIMUS INC
  
34,500
  
shares
  
1,725,000
 
 
36

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
MCAFEE INC
  
11,465
  
shares
$
465,135
 
MCDERMOTT INTL INC
  
30,357
  
shares
  
728,872
 
MCKESSON CORP
  
55,240
  
shares
  
3,452,500
 
MEDCO HEALTH SOLUTIONS INC
  
257,300
  
shares
  
16,444,043
 
MEDNAX INC
  
9,964
  
shares
  
598,936
 
MEDTRONIC INC
  
99,500
  
shares
  
4,376,010
 
MERCIALYS
  
17,863
  
shares
  
627,831
 
MERCK & CO INC NEW
  
186,575
  
shares
  
6,817,451
 
METLIFE INC
  
57,900
  
shares
  
2,046,765
 
METRO AG
  
12,500
  
shares
  
761,817
 
MGIC INVESTMENT CORP
  
196,800
  
shares
  
1,137,504
 
MICROS SYSTEMS INC
  
22,570
  
shares
  
700,347
 
MICROSOFT CORP
  
1,125,700
  
shares
  
34,322,593
 
MILLICOM INTL CELLULAR SA (US)
  
6,251
  
shares
  
461,136
 
MINDRAY MED INTL LTD SPON ADR
  
84,000
  
shares
  
2,849,280
 
MINERVA PLC
  
63,282
  
shares
  
76,961
 
MIRVAC GROUP STAPLED SECURITY
  
306,055
  
shares
  
431,615
 
MITSUBISHI CORP
  
116,000
  
shares
  
2,872,274
 
MITSUBISHI ESTATE CO LTD
  
342,630
  
shares
  
5,439,974
 
MITSUI & CO LTD
  
89,100
  
shares
  
1,254,808
 
MITSUI FUDOSAN CO (RE DEV)
  
385,699
  
shares
  
6,455,248
 
MOHAWK INDUSTRIES INC
  
59,000
  
shares
  
2,808,400
 
MONSANTO CO NEW
  
29,800
  
shares
  
2,436,150
 
MONSTER WORLDWIDE INC
  
148,500
  
shares
  
2,583,900
 
MOOG INC CL A
  
46,100
  
shares
  
1,347,503
 
MORGAN STANLEY
  
31,400
  
shares
  
929,440
 
MOSAIC CO
  
31,500
  
shares
  
1,881,495
 
MSC INDU DIRECT CO CL A
  
29,073
  
shares
  
1,366,431
 
MSCI INC CL A
  
14,571
  
shares
  
463,358
 
MUNICH REINSURANCE (REG)
  
6,200
  
shares
  
964,580
 
MURATA MFG CO LTD
  
12,500
  
shares
  
617,682
 
MYLAN INC
  
247,235
  
shares
  
4,556,541
 
NALCO HOLDING CO
  
17,423
  
shares
  
444,461
 
NAMCO BANDAI HLDGS INC
  
25,200
  
shares
  
240,387
 
NATIONAL AUSTRALIA BANK
  
50,921
  
shares
  
1,253,270
 
NATIONAL BANK OF CANADA
  
12,600
  
shares
  
722,433
 
 
37

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
NATIONAL CINEMEDIA INC
  
96,000
  
shares
$
1,590,720
 
NATIONWIDE HEALTH PPTYS INC
  
31,910
  
shares
  
1,122,594
 
NAVIGATORS GROUP INC
  
27,600
  
shares
  
1,300,236
 
NBTY INC
  
41,700
  
shares
  
1,815,618
 
NESTLE SA (REG)
  
52,007
  
shares
  
2,521,369
 
NESTLE SA REG ADR
  
163,890
  
shares
  
7,924,082
 
NETAPP INC
  
407,600
  
shares
  
14,017,364
 
NEUSTAR INC CL A
  
153,400
  
shares
  
3,534,336
 
NEW JERSEY RESOURCES CORP
  
22,550
  
shares
  
843,370
 
NEW WORLD CHINA LAND LIMITED
  
291,000
  
shares
  
110,715
 
NEW WORLD DEVELOPMENT CO LTD
  
159,000
  
shares
  
327,281
 
NEWELL RUBBERMAID INC
  
68,900
  
shares
  
1,034,189
 
NEXEN INC
  
37,267
  
shares
  
894,564
 
NEXT PLC
  
24,461
  
shares
  
823,465
 
NGK INSULATORS LTD
  
40,000
  
shares
  
867,977
 
NICE SYSTEMS LTD SPON ADR
  
149,741
  
shares
  
4,647,961
 
NII HOLDINGS INC
  
70,200
  
shares
  
2,357,316
 
NIKE INC CL B
  
160,330
  
shares
  
10,593,003
 
NIPPON ACCOMMDTN FUND I (REIT)
  
26
  
shares
  
135,740
 
NIPPON BUILDING FUND INC
  
84
  
shares
  
637,061
 
NIPPON ELECTRIC GLASS CO LTD
  
105,000
  
shares
  
1,433,613
 
NIPPON SHOKUBAI CO LTD
  
27,000
  
shares
  
231,743
 
NIPPON TELEGRAPH & TELEPHONE
  
27,700
  
shares
  
1,094,764
 
NIPPON YUSEN KK
  
52,000
  
shares
  
159,201
 
NISSAN MOTOR CO LTD ORD
  
171,500
  
shares
  
1,507,856
 
NOBLE ENERGY INC
  
21,520
  
shares
  
1,532,654
 
NOKIA OYJ
  
125,000
  
shares
  
1,614,108
 
NORDSON CORP
  
9,900
  
shares
  
605,682
 
NORTHEAST UTILITIES
  
83,700
  
shares
  
2,158,623
 
NORTHROP GRUMMAN CORP
  
14,975
  
shares
  
836,354
 
NORTHWEST NATURAL GAS CO
  
8,700
  
shares
  
391,848
 
NORWEGIAN PROPERTY ASA
  
337,200
  
shares
  
785,411
 
NOVARTIS AG (REG)
  
29,970
  
shares
  
1,635,058
 
NOVARTIS AG SPON ADR
  
106,700
  
shares
  
5,807,681
 
NOVAVAX INC
  
56,200
  
shares
  
149,492
 
NOVELLUS SYSTEMS INC
  
175,000
  
shares
  
4,084,500
 
 
38

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
NOVO-NORDISK AS CL B
  
21,825
  
shares
$
1,393,965
 
NTT URBAN DEVELOPMENT CORP
  
620
  
shares
  
410,270
 
NVR INC
  
919
  
shares
  
653,142
 
OCCIDENTAL PETROLEUM CORP
  
175,450
  
shares
  
14,272,858
 
OCEANEERING INTL INC
  
61,500
  
shares
  
3,598,980
 
ODYSSEY HEALTHCARE INC
  
89,000
  
shares
  
1,386,620
 
OFFICE DEPOT INC
  
247,400
  
shares
  
1,595,730
 
OGX PETROLEO E GAS PART SA
  
69,400
  
shares
  
674,888
 
OLD MUTUAL PLC (UK)
  
480,000
  
shares
  
847,121
 
OLIN CORP
  
53,200
  
shares
  
932,064
 
OMEGA HEALTHCARE INVESTORS INC
  
20,100
  
shares
  
390,945
 
OMEGA NAVIGATION ENT INC CL A
  
24,600
  
shares
  
76,506
 
ONYX PHARMACEUTICALS INC
  
108,000
  
shares
  
3,168,720
 
ORACLE CORP
  
324,400
  
shares
  
7,960,776
 
ORBITAL SCIENCES CORP
  
233,000
  
shares
  
3,555,580
 
ORIX CORP
  
14,290
  
shares
  
962,491
 
ORIX JREIT INC REIT
  
37
  
shares
  
183,629
 
OTTER TAIL CORPORATION
  
65,700
  
shares
  
1,629,360
 
OVERSEAS SHIPHOLDING GROUP INC
  
10,000
  
shares
  
439,500
 
OWENS ILLINOIS INC
  
31,200
  
shares
  
1,025,544
 
PACIFIC SUNWEAR OF CALIF INC
  
165,600
  
shares
  
659,088
 
PACWEST BANCORP
  
69,200
  
shares
  
1,394,380
 
PARKER HANNIFIN CORP
  
13,600
  
shares
  
732,768
 
PATTERSON COMPANIES INC
  
13,433
  
shares
  
375,855
 
PDG REALTY SA
  
35,200
  
shares
  
350,586
 
PEBBLEBROOK HOTEL TRUST
  
9,870
  
shares
  
217,239
 
PENN NATIONAL GAMING
  
31,100
  
shares
  
845,298
 
PEPSICO INC
  
103,700
  
shares
  
6,304,960
 
PERRIGO CO
  
32,200
  
shares
  
1,282,848
 
PETROBRAS PN SPON ADR
  
136,700
  
shares
  
6,517,856
 
PETROCHINA CO LTD H
  
416,000
  
shares
  
494,542
 
PFIZER INC
  
671,100
  
shares
  
12,207,309
 
PG&E CORP
  
78,500
  
shares
  
3,505,025
 
PHILIP MORRIS INTL INC
  
146,000
  
shares
  
7,035,740
 
PLEXUS CORP
  
77,500
  
shares
  
2,208,750
 
PMC-SIERRA INC
  
40,923
  
shares
  
354,393

 
39

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
PNC FINANCIAL SERVICES GRP INC
  
69,098
  
shares
$
3,647,683
 
POLY HONG KONG INVESTMENT LTD
  
211,000
  
shares
  
264,509
 
POLYPORE INTL INC
  
38,588
  
shares
  
459,197
 
POST PROPERTIES (REIT)
  
19,740
  
shares
  
386,904
 
PRAXAIR INC
  
61,100
  
shares
  
4,906,941
 
PRECISION CASTPARTS CORP
  
52,540
  
shares
  
5,797,789
 
PRIMARIS RETAIL REIT UT
  
11,700
  
shares
  
179,734
 
PROASSURANCE CORPORATION
  
44,400
  
shares
  
2,384,724
 
PROLOGIS (REIT)
  
84,800
  
shares
  
1,160,912
 
PROLOGIS EUROPEAN PROPTS (REIT)
  
66,135
  
shares
  
408,080
 
PS BUSINESS PKS INC CA REIT
  
3,080
  
shares
  
154,154
 
PSP SWISS PROPERTY AG
  
12,062
  
shares
  
681,469
 
PUBLIC STORAGE
  
25,610
  
shares
  
2,085,935
 
PULTE HOMES INC
  
20,000
  
shares
  
200,000
 
QANTAS AIRWAYS LTD
  
194,774
  
shares
  
523,118
 
QBE INSURANCE GROUP LTD
  
53,542
  
shares
  
1,231,209
 
QLOGIC CORP
  
133,215
  
shares
  
2,513,767
 
QUALCOMM INC
  
569,460
  
shares
  
26,343,220
 
QUANEX BUILDING PRODUCTS
  
81,165
  
shares
  
1,377,370
 
QUANTA SVCS INC
  
7,976
  
shares
  
166,220
 
QUICKSILVER RES INC
  
174,800
  
shares
  
2,623,748
 
QUINTAIN ESTATES & DEV CO PLC
  
269,361
  
shares
  
261,197
 
RALCORP HOLDINGS
  
8,229
  
shares
  
491,354
 
RANDSTAD HOLDINGS NV
  
26,300
  
shares
  
1,314,069
 
RANGE RESOURCES CORP
  
97,895
  
shares
  
4,880,066
 
RED HAT INC
  
76,500
  
shares
  
2,363,850
 
REGENCY CENTERS CORP (REIT)
  
51,970
  
shares
  
1,822,068
 
RELIANCE STEEL & ALUMINUM CO
  
69,500
  
shares
  
3,003,790
 
RENAISSANCERE HLDGS LTD
  
93,200
  
shares
  
4,953,580
 
RESMED INC
  
52,000
  
shares
  
2,718,040
 
RESOURCES CONNECTION INC
  
170,000
  
shares
  
3,607,400
 
RETAIL OPPORTUNITY INVTS CORP
  
13,600
  
shares
  
137,496
 
RIO TINTO PLC (REGD)
  
72,526
  
shares
  
3,918,477
 
RIOCAN REAL ESTATE INV TR UNIT
  
42,830
  
shares
  
809,190
 
RIVERBED TECHNOLOGY INC
  
16,554
  
shares
  
380,245
 
ROBBINS & MYERS INC
  
39,000
  
shares
  
917,280

 
40

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
ROBERT HALF INTERNATIONAL INC.
  
17,481
  
shares
$
467,267
 
ROCHE HLDGS GENUSSSCHEINE
  
15,341
  
shares
  
2,604,614
 
ROCHE HLDGS LTD SPON ADR
  
188,400
  
shares
  
7,950,480
 
ROGERS CORP
  
70,400
  
shares
  
2,133,824
 
ROLLS-ROYCE GROUP PLC
  
125,400
  
shares
  
979,886
 
ROPER INDUSTRIES INC
  
9,012
  
shares
  
471,958
 
ROVI CORPORATION
  
50,000
  
shares
  
1,593,500
 
ROYAL BANK OF CANADA
  
6,400
  
shares
  
343,559
 
ROYAL DUTCH SHELL PL CL A
  
89,020
  
shares
  
2,679,185
 
RPM INTERNATIONAL INC
  
21,986
  
shares
  
446,975
 
RTI INTERNATIONAL METALS INC
  
55,000
  
shares
  
1,384,350
 
RUSH ENTERPRISES INC CL A
  
26,900
  
shares
  
319,841
 
RWE AG
  
5,220
  
shares
  
507,880
 
SAFESTORE HOLDINGS LTD
  
257,669
  
shares
  
687,112
 
SAIPEM SPA
  
61,300
  
shares
  
2,115,020
 
SALESFORCE.COM INC
  
103,110
  
shares
  
7,606,425
 
SAMSUNG ELECTRONICS CO LTD
  
1,360
  
shares
  
931,878
 
SANOFI-AVENTIS
  
52,665
  
shares
  
4,136,238
 
SBA COMM CORP CL A
  
285,515
  
shares
  
9,753,192
 
SCANSOURCE INC
  
62,000
  
shares
  
1,655,400
 
SCHLUMBERGER LTD
  
168,800
  
shares
  
10,987,192
 
SCHNITZER STEEL INDS INC CL A
  
11,400
  
shares
  
543,780
 
SCHWAB CHARLES CORP
  
444,700
  
shares
  
8,369,254
 
SEAGATE TECHNOLOGY
  
212,490
  
shares
  
3,865,193
 
SEATTLE GENETICS INC
  
56,300
  
shares
  
572,008
 
SEGRO PLC
  
157,697
  
shares
  
878,254
 
SENIOR HOUSING PPTYS TR (REIT)
  
39,210
  
shares
  
857,523
 
SES SA A (LUX)
  
44,918
  
shares
  
965,246
 
SHAFTESBURY PLC
  
10,241
  
shares
  
65,145
 
SHARP CORP
  
58,000
  
shares
  
727,103
 
SHERWIN WILLIAMS CO
  
18,890
  
shares
  
1,164,569
 
SHIMAO PROPERTY HOLDINGS LTD
  
525,400
  
shares
  
997,445
 
SHIRE PLC SPON ADR
  
106,680
  
shares
  
6,262,116
 
SHUI ON LAND LTD
  
169,000
  
shares
  
100,262
 
SIEMENS AG (REGD)
  
20,400
  
shares
  
1,870,680
 
SIGNATURE BANK
  
41,765
  
shares
  
1,332,304

 
41

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
SILGAN HOLDINGS INC
  
17,100
  
shares
$
989,748
 
SILIC (STE IMMOB LOC IND COMM)
  
2,549
  
shares
  
310,188
 
SIMON PPTY GROUP INC - REIT
  
93,826
  
shares
  
7,487,315
 
SIMS METAL MANAGEMENT LTD ADR
  
18,060
  
shares
  
352,170
 
SINA CORP
  
10,523
  
shares
  
475,429
 
SINO LAND CO
  
57,116
  
shares
  
111,231
 
SINO-OCEAN LAND HOLDGS LIMITED
  
598,100
  
shares
  
553,846
 
SIRONA DENTAL SYSTEMS INC
  
91,300
  
shares
  
2,897,862
 
SL GREEN REALTY CORP REIT
  
11,200
  
shares
  
562,688
 
SOCIETE GENE PARIS CL A
  
27,398
  
shares
  
1,920,032
 
SOFTBANK CORP
  
33,700
  
shares
  
785,573
 
SOLARWINDS INC
  
144,069
  
shares
  
3,315,028
 
SOLERA HOLDINGS INC
  
100,000
  
shares
  
3,601,000
 
SONY CORP
  
17,100
  
shares
  
497,368
 
SOTHEBY'S
  
29,817
  
shares
  
670,286
 
SOUTHWESTERN ENERGY CO
  
125,300
  
shares
  
6,039,460
 
SOVRAN SELF STORAGE REIT
  
3,380
  
shares
  
120,767
 
SPONDA OYJ
  
50,062
  
shares
  
195,663
 
SRA INTERNATIONAL INC CL A
  
138,900
  
shares
  
2,652,990
 
ST GOBAIN CIE DE
  
18,500
  
shares
  
1,008,304
 
ST JUDE MEDICAL INC
  
107,510
  
shares
  
3,954,218
 
ST MARY LAND & EXPLORATION CO
  
13,900
  
shares
  
475,936
 
ST MODWEN PROPERTIES PLC
  
49,374
  
shares
  
154,804
 
STANDARD CHARTERED PLC
  
132,802
  
shares
  
3,380,390
 
STAPLES INC
  
267,700
  
shares
  
6,582,743
 
STARBUCKS CORP
  
92,500
  
shares
  
2,133,050
 
STARWOOD HTLS & RESRT WRLDWIDE
  
40,349
  
shares
  
1,475,563
 
STARWOOD PROPERTY TRUST INC
  
9,180
  
shares
  
173,410
 
STATE BANK OF IND GDR (REG S)
  
3,700
  
shares
  
366,300
 
STATOIL HYDRO ASA
  
48,150
  
shares
  
1,202,930
 
STEEL DYNAMICS INC
  
20,558
  
shares
  
364,288
 
STERICYCLE INC
  
58,600
  
shares
  
3,232,962
 
STOCKLAND UNITS (STAPLED)
  
641,492
  
shares
  
2,276,070
 
STRAYER EDUCATION INC
  
15,000
  
shares
  
3,187,350
 
SUMITOMO MITSUI FINL GROUP
  
26,200
  
shares
  
744,430
 
SUMITOMO REALTY & DEV CO LTD
  
196,700
  
shares
  
3,674,523
 
 
42

 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
SUN HUNG KAI PROPERTIES LTD
  
680,200
  
shares
$
10,202,518
 
SUNCOR ENRGY INC
  
84,808
  
shares
  
3,003,575
 
SUNTEC REIT
  
365,000
  
shares
  
350,687
 
SUPERIOR ENERGY SVCS INC
  
69,900
  
shares
  
1,697,871
 
SUSSER HOLDINGS CORP
  
49,297
  
shares
  
423,461
 
SUZUKI MOTOR CORP
  
40,200
  
shares
  
984,596
 
SVB FINL GROUP
  
33,000
  
shares
  
1,375,770
 
SVENSKA CELLULOSA AB CL B
  
7,800
  
shares
  
104,001
 
SWIRE PACIFIC LTD CL A
  
1,000
  
shares
  
12,123
 
SWISS PRIME SITE AG
  
9,790
  
shares
  
548,380
 
SYBASE INC
  
72,600
  
shares
  
3,150,840
 
SYNGENTA AG (SWIT)
  
4,749
  
shares
  
1,339,860
 
TAIWAN SEMICONDUCT MFG CO LTD
  
270,544
  
shares
  
545,486
 
TALECRIS BIOTHERAPEUTICS HDGS
  
115,900
  
shares
  
2,581,093
 
TANGER FACTORY OUTLET - REIT
  
13,800
  
shares
  
538,062
 
TARGET CORP
  
148,700
  
shares
  
7,192,619
 
TAUBMAN CENTERS INC
  
14,010
  
shares
  
503,099
 
TCF FINANCIAL CORPORATION
  
31,800
  
shares
  
433,116
 
TECHNE CORP
  
6,786
  
shares
  
465,248
 
TECK RESOURCES LTD SUB VTG CLB
  
20,400
  
shares
  
713,388
 
TELECOM ITALIA SPA
  
631,000
  
shares
  
983,023
 
TELEDYNE TECHNOLOGIES INC
  
24,400
  
shares
  
935,984
 
TELEFLEX INC
  
20,100
  
shares
  
1,083,189
 
TELEFONICA SA
  
150,176
  
shares
  
4,197,714
 
TELLABS INC
  
38,618
  
shares
  
219,350
 
TELUS CORPORATION NON VTG SHS
  
19,000
  
shares
  
592,252
 
TENARIS SA (ITALY)
  
82,744
  
shares
  
1,779,276
 
TENCENT HOLDINGS LIMITED
  
245,700
  
shares
  
5,339,444
 
TESCO PLC
  
313,835
  
shares
  
2,170,835
 
TEVA PHARMACEUTICAL IND A
  
225,200
  
shares
  
12,651,736
 
TEXAS CAPITAL BANCSHARES INC
  
79,900
  
shares
  
1,115,404
 
THERMO FISHER SCIENTIFIC
  
58,040
  
shares
  
2,767,928
 
THOMAS COOK GROUP PLC
  
79,700
  
shares
  
296,385
 
THOR INDUSTRIES INC
  
12,841
  
shares
  
403,207
 
TIFFANY & CO
  
185,100
  
shares
  
7,959,300
 
TIME WARNER CABLE
  
32,291
  
shares
  
1,336,524

 
43


Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
TOKYO ELECTRIC POWER CO
  
19,500
  
shares
$
489,123
 
TOP REIT INC
  
9
  
shares
  
39,929
 
TORONTO-DOMINION BANK
  
28,681
  
shares
  
1,798,872
 
TOSHIBA CORP
  
417,000
  
shares
  
2,289,043
 
TRANSDIGM GROUP INC
  
106,500
  
shares
  
5,057,685
 
TRAVIS PERKINS PLC
  
16,200
  
shares
  
223,067
 
TRUEBLUE INC
  
125,800
  
shares
  
1,863,098
 
TSAKOS ENERGY NAVIGATION (USA)
  
1,700
  
shares
  
24,922
 
TUI TRAVEL PLC
  
83,100
  
shares
  
342,470
 
TULLOW OIL PLC
  
47,515
  
shares
  
1,002,127
 
TURKIYE GARANTI BANKASI AS
  
92,400
  
shares
  
392,153
 
UBS AG REG (USA)
  
138,000
  
shares
  
2,140,380
 
UDR INC
  
41,000
  
shares
  
674,040
 
UGI CORP NEW
  
24,200
  
shares
  
585,398
 
ULTRA PETROLEUM CORP
  
41,265
  
shares
  
2,057,473
 
UNIBAIL-RODAMCO
  
29,094
  
shares
  
6,401,978
 
UNICREDIT SPA
  
378,700
  
shares
  
1,270,024
 
UNILEVER NV CVA (BEARER)
  
60,900
  
shares
  
1,983,515
 
UNILEVER PLC ORD
  
290,100
  
shares
  
9,304,736
 
UNION PACIFIC CORP
  
99,100
  
shares
  
6,332,490
 
UNITEDHEALTH GROUP INC
  
65,650
  
shares
  
317,770
 
UNITED OVERSEAS BANK (LOC)
  
61,000
  
shares
  
855,242
 
UNITED PARCEL SERVICE INC CL B
  
23,200
  
shares
  
1,330,984
 
UNITED RENTALS INC
  
99,600
  
shares
  
977,076
 
UNITED TECHNOLOGIES CORP
  
134,105
  
shares
  
9,308,228
 
UNITED URBAN INVESTMENT CORP
  
48
  
shares
  
252,659
 
UNITEDHEALTH GROUP INC
  
177,175
  
shares
  
5,400,294
 
UNUM GROUP
  
66,480
  
shares
  
1,297,690
 
URS CORP NEW
  
23,298
  
shares
  
1,037,227
 
USA TRUCK INC
  
14,229
  
shares
  
178,147
 
UTI WORLDWIDE INC
  
242,100
  
shares
  
3,466,872
 
VALE SA ADR
  
50,500
  
shares
  
1,466,015
 
VALERO ENERGY CORP
  
121,200
  
shares
  
2,030,100
 
VARIAN SEMICONDCT EQP ASSC INC
  
157,112
  
shares
  
5,637,179
 
VASTNED RETAIL NV
  
1,529
  
shares
  
100,332
 
VEECO INSTRUMENT
  
945
  
shares
  
31,223
 
 
44
 
 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
VENTAS INC REIT
  
40,000
  
shares
$
1,749,600
 
VERIFONE HOLDINGS INC
  
28,545
  
shares
  
467,567
 
VERINT SYSTEMS INC
  
11,085
  
shares
  
213,386
 
VERTEX PHARMACEUTICALS
  
117,000
  
shares
  
5,013,450
 
VESTAS WIND SYSTEMS AS
  
13,573
  
shares
  
827,741
 
VISA INC CL A
  
205,000
  
shares
  
17,929,300
 
VIVENDI
  
43,030
  
shares
  
1,281,053
 
VMWARE INC CL A
  
49,200
  
shares
  
2,085,096
 
VODAFONE GROUP PLC
  
1,166,700
  
shares
  
2,703,332
 
VORNADO REALTY TRUST
  
58,618
  
shares
  
4,099,743
 
WABCO HOLDINGS INC
  
214,900
  
shares
  
5,542,271
 
WABTEC
  
69,941
  
shares
  
2,856,390
 
WADDELL & REED FINL INC CL A
  
11,657
  
shares
  
356,005
 
WAL MART STORES INC
  
36,440
  
shares
  
1,947,718
 
WALTER INDUSTRIES INC
  
9,110
  
shares
  
686,074
 
WARNACO GROUP INC
  
10,335
  
shares
  
436,034
 
WASHINGTON FEDERAL INC
  
102,700
  
shares
  
1,986,218
 
WASTE CONNECTIONS INC
  
28,034
  
shares
  
934,654
 
WEINGARTEN REALTY INVS REIT
  
26,000
  
shares
  
514,540
 
WELLCARE HEALTH PLANS INC
  
93,700
  
shares
  
3,444,412
 
WELLS FARGO & CO
  
396,800
  
shares
  
10,709,632
 
WELLS FARGO 7.5% PC PERP A/L
  
100
  
shares
  
91,625
 
WERELDHAVE NV
  
1,115
  
shares
  
106,473
 
WERNER ENTERPRISES INC
  
12,000
  
shares
  
237,480
 
WESTERN UNION CO
  
274,800
  
shares
  
5,179,980
 
WESTFIELD GROUP STAPLED UNIT
  
626,387
  
shares
  
7,055,658
 
WHARF HOLDINGS LTD
  
284,100
  
shares
  
1,639,666
 
WHITING PETROLEUM CORP
  
35,500
  
shares
  
2,536,475
 
WHITNEY HOLDING CORP
  
94,000
  
shares
  
856,340
 
WILEY (JOHN) & SONS INC CL A
  
74,100
  
shares
  
3,103,308
 
WILLIAMS COMPANIES INC
  
96,600
  
shares
  
2,036,328
 
WING TAI HOLDINGS LTD
  
130,000
  
shares
  
169,312
 
WOLSELEY PLC
  
46,500
  
shares
  
937,133
 
WOODWARD GOVERNOR CO
  
38,889
  
shares
  
1,002,170
 
WPP PLC
  
103,600
  
shares
  
1,013,835
 
WRIGHT EXPRESS CORP
  
131,100
  
shares
  
4,176,846
               
 
45
 
 

Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Common stock (continued)
            
 
XSTRATA PLC
  
153,620
  
shares
$
2,783,140
 
XTO ENERGY INC
  
7,200
  
shares
  
335,016
 
YAHOO INC
  
156,100
  
shares
  
2,619,358
 
YUE YUEN INDUSTRIAL HLDGS LTD
  
91,000
  
shares
  
264,067
 
ZENITH NATIONAL INSURANCE CORP
  
52,900
  
shares
  
1,574,304
 
ZIONS BANCORP
  
193,700
  
shares
  
2,485,171
 
THOMPSON CREEK METALS CO
  
28,144
  
shares
  
329,829
             
1,826,823,330
               
                 
Preferred stock
            
 
TELECOM ITALIA SPA RISP
  
401,200
  
shares
  
443,994
 
VOLKSWAGEN AG PFD
  
13,700
  
shares
  
1,289,399
             
 1,733,393
               
               
Common/collective trusts
            
 
SSGA Passive Bond Mkt. Sec. Lend. Ser. A (CME9)
  
10,708,512
  
units
  
221,130,775
 
SSGA Daily EAFE FD Ser T (ZV3R)
  
12,725,321
  
units
  
225,836,272
 
Capital Guardian Intl Eq-Instl Cls
  
6,680,200
  
units
  
123,650,505
 
Vanguard Employee Benefit Index Fund
  
71,467,395
  
units
  
813,298,960
 
LAZARD EMERG MKTS EQ CL B
  
2,385,780
  
units
  
33,233,913
 
SEI Financial Management
  
110,585,247
  
units
  
105,247,080
             
1,522,397,505
               
 
Corporate debt
        
 
ABBEY (YANK)
  
$100,000 principal, 7.95%, due 10/26/29
  
111,917
 
AID
  
$200,000 principal, 5.5%, due 9/18/33
  
197,608
 
AIG INTL
  
$100,000 principal, 6.25%, due 5/1/36
  
74,252
 
AIG INTL
  
$100,000 principal, 8.175%, due 5/15/58
  
66,000
 
AIG INTL
  
$725,000 principal, 8.25%, due 8/15/18
  
680,666
 
ALABAMA POWER
  
$100,000 principal, 6.125%, due 5/15/38
  
106,800
 
ALTRIA GROUP INC
  
$200,000 principal, 9.95%, due 11/10/38
  
260,702
 
AMERADA HESS CO
  
$100,000 principal, 7.3%, due 8/15/31
  
113,639
 
AMGEN
  
$100,000 principal, 6.9%, due 6/1/38
  
116,308
 
AMGEN INC
  
$100,000 principal, 6.375%, due 6/1/37
  
109,149
 
ANADARKO PETRO
  
$100,000 principal, 7.5%, due 5/1/31
  
112,185
 
ANHEUSER BUSC
  
$100,000 principal, 8.2%, due 1/15/39
  
126,450

 
46
 
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
AOL TIME WARNER
  
$2,450,000 principal, 7.625%, due 4/15/31
$
2,845,989
 
AOL TIME WARNER
  
$950,000 principal, 7.7%, due 5/1/32
  
1,115,618
 
APPALACHIAN PWR
  
$240,000 principal, 6.7%, due 8/15/37
  
254,395
 
ASTRAZENECA PLC
  
$110,000 principal, 6.45%, due 9/15/37
  
123,892
 
AT&T BROAD GLBL
  
$200,000 principal, 9.455%, due 11/15/22
  
257,229
 
AT&T CORP
  
$100,000 principal, 8%, due 11/15/31
  
122,052
 
AT&T CORP
  
$1,150,000 principal, 8%, due 11/15/31
  
1,403,596
 
AT&T INC
  
$700,000 principal, 6.5%, due 9/1/37
  
725,550
 
AT&T INC
  
$500,000 principal, 6.55%, due 2/15/39
  
526,831
 
BAC CAP TR XI
  
$800,000 principal, 6.625%, due 5/23/36
  
714,856
 
BANK AMER GMTN
  
$650,000 principal, 7.375%, due 5/15/14
  
737,564
 
BANK AMER NA
  
$1,040,000 principal, 5.3%, due 3/15/17
  
1,019,294
 
BANK AMER NA
  
$40,000 principal, 6%, due 10/15/36
  
38,653
 
BANK AMERICA NA
  
$300,000 principal, 0.79875%, due 6/23/10
  
300,652
 
BANK OF AMER MTN
  
$100,000 principal, 7.625%, due 6/1/19
  
115,685
 
BANK OF AMER MTN
  
$1,575,000 principal, 7.625%, due 6/1/20
  
1,822,034
 
BANK ONE CAP III
  
$160,000 principal, 8.75%, due 9/1/30
  
180,063
 
BARCLAYS BK
  
$80,000 principal, 10.179%, due 6/12/21
  
103,551
 
BARRICK GOLD
  
$10,000 principal, 5.8%, due 11/15/34
  
9,446
 
BARRICK PD AUST
  
$100,000 principal, 5.95%, due 10/15/39
  
97,596
 
BHP BILLITON FIN
  
$650,000 principal, 5.5%, due 4/1/14
  
712,940
 
BNSF RAILWAY CO
  
$1,151,959 principal, 5.996%, due 4/1/24
  
1,208,467
 
BOSTON PPTY LTD
  
$490,000 principal, 5%, due 6/1/15
  
489,298
 
BOSTON PPTY LTD
  
$500,000 principal, 5.625%, due 4/15/15
  
489,298
 
BOSTON PPTY LTD
  
$350,000 principal, 6.25%, due 1/15/13
  
373,010
 
BOSTON SCIENTIFIC
  
$325,000 principal, 5.45%, due 6/15/14
  
341,250
 
BOSTON SCIENTIFIC
  
$1,225,000 principal, 6.4%, due 6/15/16
  
1,316,875
 
BURLINGTON 00-1
  
$84,060 principal, 8.251%, due 1/15/21
  
100,342
 
BURLINGTON NO 99-2
  
$299,900 principal, 7.57%, due 1/2/21
  
335,177
 
BURLINGTON NOR MTN
  
$700,000 principal, 4.7%, due 10/1/19
  
693,477
 
BURLINGTON/SANTA
  
$975,000 principal, 4.875%, due 1/15/15
  
1,017,877
 
CANADA NATURL RES
  
$200,000 principal, 6.75%, due 2/1/39
  
221,067
 
CAPITAL ONE FIN
  
$1,825,000 principal, 6.75%, due 9/15/17
  
1,963,822
 
CAPITAL ONE FIN
  
$225,000 principal, 7.375%, due 5/23/14
  
254,752
 
CATERPILR F MTN 3ML
  
$300,000 principal, 1.00063%, due 6/24/11
  
302,481
 
CHUBB CORP
  
$100,000 principal, 6.5%, due 5/15/38
  
110,121
 
 
47
 
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
CIGNA
  
$250,000 principal, 7%, due 1/15/11
$
261,943
 
CIGNA
  
$425,000 principal, 6.15%, due 11/15/36
  
482,919
 
CIGNA CORP
  
$925,000 principal, 6.15%, due 11/15/36
  
826,324
 
CITIGROUP
  
$400,000 principal, 5.875%, due 5/29/37
  
352,474
 
CITIGROUP INC 3ML
  
$1,475,000 principal, 1.9725%, due 5/15/18
  
1,369,501
 
CITIGROUP INC
  
$1,375,000 principal, 6.125%, due 11/21/17
  
1,385,966
 
CITIGROUP INC MTN
  
$400,000 principal, 8.5%, due 5/22/19
  
461,901
 
COMCAST CORP
  
$1,600,000 principal, 5.9%, due 3/15/16
  
1,723,070
 
COMCAST CORP
  
$300,000 principal, 6.3%, due 11/15/17
  
328,265
 
COMCAST CORP
  
$100,000 principal, 6.55%, due 7/1/39
  
104,837
 
COMCAST CORP
  
$30,000 principal, 6.95%, due 8/15/37
  
32,697
 
COMCAST GLB
  
$125,000 principal, 5.875%, due 2/15/18
  
132,698
 
CONSOLIDAT EDISON
  
$200,000 principal, 6.75%, due 4/1/38
  
228,017
 
COVIDIEN INT
  
$500,000 principal, 6%, due 10/15/17
  
540,430
 
COX COM INC
  
$800,000 principal, 9.375%, due 1/15/19
  
1,012,313
 
COX COMMUNICATION INC
  
$1,675,000 principal, 5.875%, due 12/1/16
  
1,772,937
 
COX COMMUNICATION INC
  
$400,000 principal, 8.375%, due 3/1/39
  
498,072
 
COX COMMUNICATION INC
  
$405,000 principal, 5.5%, due 10/1/15
  
429,818
 
CSX CORP
  
$230,000 principal, 6.15%, due 5/1/37
  
233,031
 
CVS CAREM
  
$200,000 principal, 7.507%, due 1/10/32
  
208,290
 
DCAT 08-B A3B 1ML
  
$100,000 principal, 1.71219%, due 9/10/12
  
100,269
 
DEUTSCHE TEL GLB
  
$300,000 principal, 8.75%, due 6/15/30
  
385,833
 
DOW CHEMICAL
  
$650,000 principal, 7.375%, due 11/1/29
  
709,721
 
DOW CHEMICAL
  
$1,375,000 principal, 8.55%, due 5/15/19
  
1,640,574
 
DOW CHEMICAL
  
$150,000 principal, 9.4%, due 5/15/39
  
198,323
 
DOW CHEMICAL COMPANY
  
$275,000 principal, 5.7%, due 5/15/18
  
279,361
 
DUKE ENERGY CAR
  
$100,000 principal, 6.05%, due 4/15/38
  
106,473
 
EDF SA
  
$100,000 principal, 6.95%, due 1/26/39
  
118,268
 
ENBRIDGE ENERGY
  
$100,000 principal, 7.5%, due 4/15/38
  
113,832
 
ENCANA CORP
  
$200,000 principal, 6.5%, due 8/15/34
  
214,347
 
ENEL FIN INTL
  
$100,000 principal, 6%, due 10/7/39
  
100,529
 
ENERGY TRAN PTNR
  
$100,000 principal, 6.625%, due 10/15/36
  
99,800
 
ENTERPRISE PRODS
  
$10,000 principal, 5.75%, due 3/1/35
  
9,286
 
FANNIEMAE
  
$200,000 principal, 5.625%, due 7/15/37
  
210,528
 
FED DEPT ST
  
$275,000 principal, 6.9%, due 4/1/29
  
242,000
 
FEDERATED RETAIL
  
$350,000 principal, 5.9%, due 12/1/16
  
341,250
 
 
48
 
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
FEDERATED RTL
  
$200,000 principal, 6.375%, due 3/15/37
$
169,000
 
FEDEX CORP
  
$200,000 principal, 7.375%, due 1/15/14
  
226,930
 
FEDEX CORP
  
$725,000 principal, 8%, due 1/15/19
  
873,220
 
FIRSTENERGY GL
  
$210,000 principal, 7.375%, due 11/15/31
  
227,619
 
FLORIDA PWR & LT
  
$100,000 principal, 5.95%, due 2/1/38
  
105,050
 
FLORIDA PWR
  
$110,000 principal, 6.35%, due 9/15/37
  
119,223
 
FORD MOTORS CREDIT
  
$3,600,000 principal, 7.25%, due 10/25/11
  
3,635,611
 
FORD MTR CR LLC
  
$200,000 principal, 7.8%, due 6/1/12
  
202,000
 
FORDMTRCR GLB
  
$1,725,000 principal, 7.375%, due 2/1/11
  
1,760,166
 
FORDO 2008-C A3 1ML
  
$100,000 principal, 1.65313%, due 6/15/12
  
100,660
 
FRANCE TELECOM STEP
  
$200,000 principal, 8.5%, due 3/1/31
  
265,868
 
GE CAP CORP
  
$100,000 principal, 6.375%, due 11/15/67
  
86,750
 
GE CAP CORP
  
$200,000 principal, 5.875%, due 1/14/38
  
185,177
 
GE CAP MTN
  
$400,000 principal, 6.75%, due 3/15/32
  
407,826
 
GE CAP MTN
  
$500,000 principal, 5.9%, due 5/13/14
  
540,536
 
GE CAP MTN
  
$100,000 principal, 6.875%, due 1/10/39
  
103,269
 
GLAXOSMTH KLINE
  
$200,000 principal, 6.375%, due 5/15/38
  
221,575
 
GMAC LLC
  
$2,806,000 principal, 6.875%, due 9/15/11
  
2,784,955
 
GOLDMAN SACHS
  
$310,000 principal, 6.125%, due 2/15/33
  
311,312
 
GOLDMAN SACHS
  
$100,000 principal, 6.15%, due 4/1/18
  
107,050
 
GSINC
  
$300,000 principal, 6.75%, due 10/1/37
  
308,366
 
HBOS PLC
  
$200,000 principal, 6.75%, due 5/21/18
  
185,581
 
HEALTHNET INC
  
$475,000 principal, 6.375%, due 6/1/17
  
425,125
 
HEINZ HJ FIN
  
$200,000 principal, 7.125%, due 8/1/39
  
226,108
 
HSBC BANK USA
  
$30,000 principal, 5.875%, due 11/1/34
  
29,177
 
HSBC HOLDINGS
  
$550,000 principal, 6.5%, due 5/2/36
  
576,853
 
HSBC HOLDINGS
  
$200,000 principal, 6.5%, due 9/15/37
  
208,958
 
HSBC HOLDINGS
  
$650,000 principal, 6.5%, due 9/15/37
  
679,115
 
HSBC HLDGS PLC
  
$200,000 principal, 6.8%, due 6/1/38
  
217,054
 
IRS USD R 3ML
  
$0 principal, 0.25375%, due 12/16/09
  
78,360
 
IRS USD R 3ML
  
$0 principal, 0.0%, due 6/16/11
  
49,394
 
JOHN DEERE CC MTN
  
$300,000 principal, 1.00594%, due 6/10/11
  
302,807
 
JP MORGAN CH XVII
  
$925,000 principal, 5.85%, due 8/1/35
  
804,952
 
JPMC CAP XXII
  
$200,000 principal, 6.45%, due 2/2/37
  
183,547
 
 
49
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
JPMC CO
  
$200,000 principal, 6.4%, due 5/15/38
$
220,155
 
KAUPTHING MTN
  
$1,125,000 principal, 7.125%, due 5/19/16
  
113
 
KINDER MORGAN
  
$200,000 principal, 5.8%, due 3/15/35
  
185,298
 
KINDER MORGAN EN
  
$100,000 principal, 6.95%, due 1/15/38
  
106,576
 
LAFARGE SA
  
$750,000 principal, 6.5%, due 7/15/16
  
795,147
 
LEH
  
$100,000 principal, 7.5%, due 5/11/38
  
30
 
LIBERTY MEDIA
  
$90,000 principal, 8.25%, due 2/1/30
  
82,463
 
LIBERTY MEDIA
  
$260,000 principal, 8.5%, due 7/15/29
  
238,225
 
LLOYDS TSB MTN12/VAR PERP 144A
  
$100,000 principal, 12%, due 12/31/49
  
100,000
 
MACYS RETAIL HL
  
$475,000 principal, 8.875%, due 7/15/15
  
523,688
 
MAY DEPT
  
$100,000 principal, 6.7%, due 7/15/34
  
87,000
 
MAY DEPT STORES
  
$1,461,000 principal, 6.7%, due 9/15/28
  
1,256,460
 
MAY DEPT STORES
  
$100,000 principal, 6.9%, due 1/15/32
  
87,000
 
MAY DEPT STR GLBL
  
$675,000 principal, 6.65%, due 7/15/24
  
614,250
 
MERRILL LYNCH
  
$100,000 principal, 6.875%, due 4/25/18
  
107,744
 
MORGAN STANLEY GLB
  
$100,000 principal, 6.625%, due 4/1/18
  
108,117
 
MSTDW MTN 3ML
  
$100,000 principal, 2.3725%, due 5/14/10
  
100,717
 
NEWMONT MINING
  
$200,000 principal, 6.25%, due 10/1/39
  
200,239
 
NGPL PIPECO
  
$300,000 principal, 7.768%, due 12/15/37
  
345,655
 
NOKIA CORP
  
$100,000 principal, 6.625%, due 5/15/39
  
108,717
 
NORDSTROM INC
  
$500,000 principal, 6.95%, due 3/15/28
  
543,946
 
NORDSTROM INC GLB
  
$225,000 principal, 6.25%, due 1/15/18
  
243,556
 
NORDSTROM MTN
  
$150,000 principal, 6.75%, due 6/1/14
  
167,520
 
NORFOLK SOUTHERN
  
$475,000 principal, 7.7%, due 5/15/17
  
556,049
 
NORFOLKS MTN
  
$175,000 principal, 5.9%, due 6/15/19
  
186,856
 
ONEOK PARTNERS
  
$100,000 principal, 6.85%, due 10/15/37
  
104,579
 
PETROLEOS MEXICANOS
  
$100,000 principal, 8%, due 5/3/19
  
115,750
 
PFIZER
  
$1,000,000 principal, 4.45%, due 3/15/12
  
1,057,649
 
PFIZER
  
$100,000 principal, 7.2%, due 3/15/39
  
122,194
 
PG&E
  
$310,000 principal, 6.05%, due 3/1/34
  
323,651
 
PHILIP MOR INT
  
$100,000 principal, 6.375%, due 5/16/38
  
108,093
 
PROGRESS ENERGY
  
$100,000 principal, 7.75%, due 3/1/31
  
117,576
 
PROVIDENT COMPA
  
$471,000 principal, 7.25%, due 3/15/28
  
389,048
 
PROVIDENT COS
  
$300,000 principal, 7%, due 7/15/18
  
288,068
 
REED ELSEVIER
  
$200,000 principal, 7.75%, due 1/15/14
  
227,705
 
REED ELSEVIER C
  
$1,075,000 principal, 8.625%, due 1/15/19
  
1,308,027
 
 
50
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
ROCHE HLDGS
  
$975,000 principal, 4.5%, due 3/1/12
$
1,024,059
 
ROCHE HLDGS INC
  
$650,000 principal, 6%, due 3/1/19
  
714,253
 
ROYAL BK OF SCTLD 3ML
  
$200,000 principal, 1.14888%, due 4/23/12
  
200,003
 
ROYAL BK SCT 3M
  
$400,000 principal, 0.51438%, due 3/30/12
  
398,752
 
SLM CORP MEDIUM
  
$1,575,000 principal, 8.45%, due 6/15/18
  
1,554,136
 
SLMA 07-2
  
$1,400,000 principal, 0.28219%, due 7/25/17
  
1,385,572
 
SLMA 07-3
  
$226,925 principal, 0.27219%, due 10/27/14
  
226,723
 
SLMA 2006-3
  
$800,000 principal, 0.36219%, due 7/25/19
  
790,712
 
SLMA 2008-9
  
$278,276 principal, 1.78219%, due 4/25/23
  
289,236
 
SOUTHERN CAL ED
  
$100,000 principal, 5.55%, due 1/15/37
  
99,430
 
SOUTHERN CAL ED
  
$130,000 principal, 5.625%, due 2/1/36
  
130,597
 
SPRINT CAP CRP
  
$200,000 principal, 6.875%, due 11/15/38
  
166,250
 
SPRINT CAP GLBL
  
$250,000 principal, 6.9%, due 5/1/19
  
230,000
 
SPRINT NEXTEL
  
$725,000 principal, 6%, due 12/1/16
  
661,563
 
ST PAUL COMPANIES
  
$900,000 principal, 6.25%, due 6/20/16
  
986,686
 
TARGET CORP GLB
  
$100,000 principal, 7%, due 1/15/38
  
116,675
 
TEACHERS INS
  
$100,000 principal, 6.85%, due 12/16/39
  
103,374
 
TENN VLY AUTH
  
$100,000 principal, 4.5%, due 4/1/18
  
101,765
 
TIME WARNER CAB
  
$825,000 principal, 8.75%, due 2/14/19
  
1,005,489
 
TIME WARNER CBL
  
$300,000 principal, 6.55%, due 5/1/37
  
305,699
 
TIME WARNER MTN
  
$600,000 principal, 8.25%, due 4/1/19
  
714,656
 
TRANSCANADA PIPE
  
$100,000 principal, 7.625%, due 1/15/39
  
123,161
 
TRANS-CANADA PL GLB
  
$200,000 principal, 7.25%, due 8/15/38
  
235,793
 
TRANSOCEAN INC
  
$100,000 principal, 6.8%, due 3/15/38
  
111,820
 
TRAVELERS MTN
  
$150,000 principal, 5.75%, due 12/15/17
  
159,027
 
UBS AG STAM NT
  
$100,000 principal, 5.75%, due 4/25/18
  
101,801
 
UNION PAC 6 TR
  
$622,567 principal, 5.866%, due 7/2/30
  
656,647
 
UNION PAC CORP
  
$100,000 principal, 6.15%, due 5/1/37
  
103,224
 
UNION PACIFIC
  
$800,000 principal, 7.875%, due 1/15/19
  
968,001
 
UNION PACIFIC 99-A
  
$254,035 principal, 7.6%, due 1/2/20
  
294,811
 
UNION PACIFIC PTC
  
$807,308 principal, 4.698%, due 1/2/24
  
756,624
 
UNION PACIFIC PTC
  
$284,337 principal, 5.082%, due 1/2/29
  
267,564
 
UNUM CORP
  
$191,000 principal, 6.75%, due 12/15/28
  
157,607
 
UNUMPROVIDENT
  
$125,000 principal, 6.85%, due 11/15/15
  
130,156
 
VERIZON COM INC
  
$200,000 principal, 6.9%, due 4/15/38
  
221,669
 
VERIZON COM INC
  
$100,000 principal, 7.35%, due 4/1/39
  
116,011
 
 
51
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Corporate debt (continued)
        
 
VERIZON GLBL
  
$130,000 principal, 5.85%, due 9/15/35
$
126,767
 
VIRGINIA ELEC PWR CO
  
$240,000 principal, 6%, due 5/15/37
  
248,505
 
VODAFONE
  
$200,000 principal, 6.15%, due 2/27/37
  
208,345
 
WACHOVIA BK NA
  
$300,000 principal, 5.85%, due 2/1/37
  
286,982
 
WACHOVIA CORP FRN
  
$1,500,000 principal, 2.05063%, due 5/1/13
  
1,530,383
 
WACHOVIA CORP MTN
  
$550,000 principal, 5.75%, due 2/1/18
  
573,962
 
WALMART
  
$400,000 principal, 6.5%, due 8/15/37
  
455,192
 
WELLPOINT INC
  
$350,000 principal, 7%, due 2/15/19
  
391,450
 
WELLPOINT GLOBAL
  
$1,800,000 principal, 5.25%, due 1/15/16
  
1,816,960
 
WELLS FARGO CP XIII
  
$100,000 principal, 7.7%, due 12/31/49
  
97,000
 
WELLS FARGO GLBL
  
$30,000 principal, 5.375%, due 2/7/35
  
27,758
 
WYETH
  
$1,400,000 principal, 5.5%, due 2/15/16
  
1,504,814
 
WYETH
  
$100,000 principal, 5.95%, due 4/1/37
  
104,278
 
XEROX CORP
  
$650,000 principal, 6.35%, due 5/15/18
  
678,033
 
XEROX CORP
  
$1,275,000 principal, 6.4%, due 3/15/16
  
1,355,477
 
XEROX CORP
  
$875,000 principal, 6.75%, due 2/1/17
  
938,676
 
XEROX CORP
  
$815,000 principal, 6.875%, due 8/15/11
  
870,879
 
XEROX CORP MTN
  
$125,000 principal, 8.25%, due 5/15/14
  
143,390
 
XTO ENERGY INC
  
$110,000 principal, 6.1%, due 4/1/36
  
118,777
 
XTO ENERGY INC
  
$100,000 principal, 6.375%, due 6/15/38
  
112,183
         
 96,812,785
           
           
U.S. Government securities
        
 
CA ST
  
$50,000 principal, 5%, due 6/1/37
  
44,992
 
CA ST
  
$325,000 principal, 5.45%, due 4/1/15
  
326,999
 
CA ST
  
$200,000 principal, 6.2%, due 10/1/19
  
192,984
 
CA ST
  
$700,000 principal, 7.3%, due 10/1/39
  
659,302
 
CA ST
  
$100,000 principal, 7.5%, due 4/1/34
  
97,061
 
CA ST
  
$1,500,000 principal, 7.5%, due 4/1/34
  
1,455,915
 
CA ST
  
$1,350,000 principal, 7.55%, due 4/1/39
  
1,308,245
 
CA ST AMBAC
  
$100,000 principal, 4.5%, due 8/1/28
  
87,372
 
CA ST TAX VAR PURP 3 MT
  
$175,000 principal, 5.65%, due 4/1/39
  
178,554
 
CSMC 06-C4 A3
  
$300,000 principal, 5.47%, due 9/15/39
  
256,957
 
CT ST
  
$100,000 principal, 5.85%, due 3/15/32
  
100,975
 
CWALT 2005-81 A1 1ML
  
$65,968 principal, 0.51125%, due 2/25/37
  
37,028
 
DALLAS TX DART
  
$100,000 principal, 6.249%, due 12/1/34
  
99,880

 
52

 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
U.S. Government securities (continued)
        
 
FFCB
  
$600,000 principal, 5.16%, due 3/14/22
  $
            615,926
 
FHLBDN
  
$1,000,000 principal, 0.0%, due 1/4/10
  
1,000,000
 
FHLBDN
  
$16,500,000 principal, 0.0%, due 1/8/10
  
16,499,967
 
FHLBDN
  
$1,000,000 principal, 0.0%, due 1/15/10
  
999,994
 
FHLBDN
  
$2,000,000 principal, 0.0%, due 2/17/10
  
1,999,926
 
FHLG
  
$1,312,093 principal, 6.5%, due 9/1/37
  
1,399,532
 
FHLG
  
$989,091 principal, 7%, due 8/1/38
  
1,081,625
 
FHLG
  
$1,077,475 principal, 4%, due 5/1/14
  
1,109,360
 
FHLG
  
$723,788 principal, 5.5%, due 11/1/23
  
765,293
 
FHLG
  
$911,318 principal, 5.5%, due 5/1/23
  
963,576
 
FHLM ARM
  
$544,472 principal, 4.42%, due 3/1/35
  
559,480
 
FHLM ARM
  
$874,770 principal, 5.38%, due 3/1/36
  
910,961
 
FHR
  
$1,392,019 principal, 7.5%, due 1/20/30
  
1,550,065
 
FHR
  
$1,598,764 principal, 6.5%, due 6/15/32
  
1,711,390
 
FICO
  
$700,000 principal, 0.0%, due 10/6/16
  
526,175
 
FICO
  
$400,000 principal, 0.0%, due 12/27/18
  
262,706
 
FNGT
  
$181,581 principal, 7%, due 12/25/41
  
195,039
 
FNMA
  
$5,284,809 principal, 5.5%, due 6/1/33
  
5,557,307
 
FNMA
  
$5,460,096 principal, 6%, due 7/1/38
  
5,794,741
 
FNMA
  
$2,787,203 principal, 6%, due 8/1/37
  
2,975,884
 
FNMA
  
$5,651,493 principal, 6%, due 8/1/37
  
6,033,190
 
FNMA
  
$1,166,595 principal, 6%, due 11/1/23
  
1,247,237
 
FNMA
  
$3,803,982 principal, 6.5%, due 2/1/38
  
4,060,453
 
FNMA
  
$955,811 principal, 6.5%, due 10/1/37
  
1,020,253
 
FNMA
  
$4,739,970 principal, 7%, due 12/1/38
  
5,201,192
 
FNMA
  
$1,823,127 principal, 7%, due 4/1/37
  
2,001,951
 
FNMA
  
$2,506,403 principal, 7%, due 10/1/37
  
2,750,288
 
FNMA
  
$952,669 principal, 6.5%, due 3/1/27
  
1,022,556
 
FNMA
  
$200,000 principal, 0.0%, due 6/1/17
  
145,335
 
FNMA
  
$3,900,000 principal, 0.0%, due 3/23/28
  
1,427,295
 
FNMA
  
$439,340 principal, 4.621%, due 4/1/13
  
461,727
 
FNMA
  
$850,817 principal, 5.91%, due 2/1/12
  
905,727
 
FNMA
  
$565,513 principal, 6%, due 7/1/16
  
605,364
 
FNMA
  
$978,400 principal, 6.25%, due 9/1/11
  
1,030,616
 
FNMA
  
$2,006,574 principal, 5.5%, due 6/1/20
  
2,143,585
 
FNMA
  
$2,758,940 principal, 6%, due 6/1/20
  
2,946,461
 
 
53
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
U.S. Government securities (continued)
        
 
FNMA
  
$1,002,962 principal, 6%, due 3/1/18
  $ 
          1,081,475
 
FNMA
  
$1,698,086 principal, 6%, due 8/1/22
  
1,823,055
 
FNMA
  
$832,654 principal, 6%, due 9/1/19
  
894,760
 
FNMA
  
$2,570,571 principal, 6%, due 11/1/21
  
2,760,553
 
FNMA
  
$1,676,856 principal, 6.5%, due 10/1/26
  
1,799,869
 
FNMA
  
$1,374,026 principal, 6.5%, due 2/1/27
  
1,474,824
 
FNMA
  
$100,000 principal, 4.6%, due 6/5/18
  
102,261
 
FNMA
  
$100,000 principal, 6%, due 4/18/36
  
102,332
 
FNMA
  
$489,802 principal, 5.5%, due 4/1/17
  
527,444
 
FNMA ARM
  
$1,845,291 principal, 4.03%, due 5/1/33
  
1,892,153
 
FNMA ARM
  
$1,755,001principal, 4.48%, due 1/1/35
  
1,827,605
 
FNMA ARM
  
$1,402,628 principal, 4.84%, due 7/1/35
  
1,458,615
 
FNMA DN
  
$2,000,000 principal, 0.0%, due 1/13/10
  
1,999,990
 
FNR 07-114 A6 1ML
  
$100,000 principal, 0.43125%, due 10/21/37
  
98,881
 
FNR 2001-66 Z
  
$1,831,980 principal, 6%, due 11/25/31
  
1,948,511
 
FNR 2002-90 A1
  
$764,450 principal, 6.5%, due 6/25/42
  
808,346
 
FNR 2008-40 LD
  
$3,334,555 principal, 6%, due 3/25/31
  
3,468,673
 
FNW
  
$546,469 principal, 7%, due 10/25/42
  
587,881
 
FSPC
  
$511,526 principal, 6.5%, due 9/25/43
  
542,178
 
FSPC
  
$950,578 principal, 7%, due 2/25/43
  
1,031,191
 
GNMA
  
$753,274 principal, 4%, due 1/21/39
  
730,873
 
GSBA
  
$821,752 principal, 5.36%, due 11/1/26
  
874,243
 
HAMILTON OH SLS
  
$100,000 principal, 0.0%, due 12/1/28
  
36,456
 
HARRIS CNTY TX
  
$300,000 principal, 6.875%, due 11/1/38
  
307,296
 
IA TOBACCO 05B
  
$100,000 principal, 5.6%, due 6/1/34
  
85,692
 
MWAA DULLES TOL
  
$100,000 principal, 7.462%, due 10/1/46
  
100,663
 
NJ TOBACCO 1A
  
$150,000 principal, 5%, due 6/1/41
  
103,418
 
NJ TRANS BAB
  
$200,000 principal, 6.875%, due 12/15/39
  
205,446
 
RFCO SP
  
$900,000 principal, 0.0%, due 1/15/30
  
313,783
 
RFCO SP
  
$600,000 principal, 0.0%, due 10/15/20
  
360,772
 
RFCO SP
  
$100,000 principal, 0.0%, due 4/15/30
  
34,419
 
SBAP
  
$817,821 principal, 5.37%, due 10/1/26
  
870,312
 
SBAP
  
$870,952 principal, 5.12%, due 12/1/26
  
918,297
 
SBAP
  
$655,304 principal, 5.32%, due 4/1/27
  
696,949
 
SBAP
  
$84,477 principal, 4.87%, due 12/1/24
  
89,615
 
SBAP
  
$42,226 principal, 4.86%, due 1/1/25
  
44,104
 
 
54
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
U.S. Government securities (continued)
        
 
SBAP
  
$36,815 principal, 4.84%, due 5/1/25
   $ 
              38,379
 
STOCKTON CA
  
$100,000 principal, 7.942%, due 10/1/38
  
98,568
 
TVA
  
$200,000 principal, 4.7%, due 7/15/33
  
181,944
 
TVA
  
$100,000 principal, 5.5%, due 7/18/17
  
109,000
 
TVA
  
$900,000 principal, 5.88%, due 4/1/36
  
961,330
 
USTB
  
$100,000 principal, 4.375%, due 11/15/39
  
95,719
 
USTB
  
$500,000 principal, 4.375%, due 2/15/38
  
480,000
 
USTB
  
$200,000 principal, 4.5%, due 2/15/36
  
197,000
 
USTB
  
$1,100,000 principal, 4.5%, due 8/15/39
  
1,075,078
 
USTB
  
$300,000 principal, 5.25%, due 11/15/28
  
325,078
 
USTB
  
$500,000 principal, 5.5%, due 8/15/28
  
557,188
 
USTB
  
$1,300,000 principal, 6.125%, due 11/15/27
  
1,548,625
 
USTB
  
$1,550,000 principal, 7.25%, due 8/15/22
  
2,007,977
 
USTCOUP
  
$400,000 principal, 0.0%, due 11/15/38
  
100,016
 
USTCOUP
  
$500,000 principal, 0.0%, due 2/15/21
  
308,672
 
USTCOUP
  
$200,000 principal, 0.0%, due 5/15/28
  
80,924
 
USTN
  
$10,000,000 principal, 1%, due 8/31/11
  
10,005,080
 
USTN
  
$4,000,000 principal, 2.375%, due 8/31/10
  
4,052,968
 
USTN
  
$200,000 principal, 2.75%, due 11/30/16
  
192,547
 
USTN
  
$450,000 principal, 2.875%, due 6/30/10
  
455,889
 
USTN
  
$600,000 principal, 3.625%, due 8/15/19
  
589,875
 
USTN
  
$5,000,000 principal, 4.625%, due 10/31/11
  
5,324,415
 
USTPRIN
  
$1,100,000 principal, 0.0%, due 11/15/27
  
462,507
 
USTPRIN
  
$1,210,000 principal, 0.0%, due 2/15/29
  
476,395
 
USTPRIN
  
$700,000 principal, 0.0%, due 2/15/31
  
253,763
 
USTPRIN
  
$100,000 principal, 0.0%, due 2/15/37
  
27,727
 
USTPRIN
  
$800,000 principal, 0.0%, due 5/15/39
  
198,752
 
USTPRIN
  
$1,000,000 principal, 0.0%, due 8/15/22
  
565,043
         
147,101,835
           
 
Employer stock
      
*
Hewlett-Packard Company
         24,035,178  
shares
  
      1,238,052,019
             
 
 
55
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts
          
 
Underlying assets
          
   
Registered investment companies:
          
     
PIMCO Asset Backed Securities Portfolio
               371,962  
shares
  $
             3,388,576
     
PIMCO Emerging Markets Fund
               451,476  
shares
  
             4,347,714
     
PIMCO HI YIELD PORTFOLIO
               442,658  
shares
  
             3,218,120
     
PIMCO International Portfolio
            3,187,922  
shares
  
           13,357,394
     
PIMCO Inv. Grade Corp. Portfolio
            3,108,297  
shares
  
           30,865,394
     
PIMCO Mortgage Portfolio
            6,101,255  
shares
  
           64,978,370
     
PIMCO Muni Sector Portfolio
               575,410  
shares
  
             4,643,558
     
PIMCO SHORT TERM PORT INS
               770,747  
shares
  
             6,597,592
     
PIMCO US Government Sector Portfolio
            2,851,108  
shares
  
           26,401,261
   
Short-term investments:
          
     
WACHOVIA BK NA BN
              725,000  
shares
  
                759,730
     
US TREASURY RP .08% 1/05/10
           1,700,000  
shares
  
             1,700,000
     
US TREASURY RP 0% 1/04/10
         22,700,000  
shares
  
           22,700,000
     
Dreyfus Cash Management Plus
           4,930,142  
shares
  
             4,930,142
   
Corporate debt securities:
        
     
AIG INTL
  
$775,000 principal, 8.25%, due 8/15/18
  
             727,609
     
AOL Time Warner
  
$2,800,000 principal, 7.625%, due 4/15/31
  
             3,252,558
     
AOL Time Warner
  
$875,000 principal, 7.7%, due 5/1/32
  
             1,027,543
     
AT&T Corp.
  
$1,675,000 principal, 8.5%, due 11/15/31
  
             2,044,368
     
AT&T INC
  
$150,000 principal, 6.55%, due 2/15/39
  
                158,049
     
BAC CAP TR XI
  
$500,000 principal, 6.625%, due 5/23/36
  
                446,785
     
BANK AMER GMTN
  
$800,000 principal, 7.375%, due 5/15/14
  
                907,771
     
BANK AMER NA
  
$1,000,000 principal, 5.3%, due 3/15/17
  
                980,090
     
BANK OF AMER MTN
  
$1,000,000 principal, 7.625%, due 6/1/19
  
             1,156,847
     
BANKAMER CAP II 8% 12/15/26
  
$625,000 principal, 8%, due 12/15/26
  
                612,500
     
Bank One Cap III
  
$500,000 principal, 8.75%, due 9/1/30
  
                562,697
     
BNSF RY 06-2
  
$416,263 principal, 5.629%, due 4/1/24
  
                443,149
     
BNSF RY CO 06
  
$297,741 principal, 5.342%, due 4/1/24
  
                296,060
     
Boston Property Ltd.
  
$1,325,000 principal, 6.25%, due 1/15/13
  
             1,412,111
     
Boston Property Ltd.
  
$600,000 principal, 5.625%, due 4/15/15
  
                617,618
     
BOSTON SCIENTIFIC
  
$925,000 principal, 5.45%, due 6/15/14
  
                971,250
     
BOSTON SCIENTIFIC
  
$800,000 principal, 6.4%, due 6/15/16
  
                860,000
     
Burlington
  
$305,674 principal, 8.251%, due 1/15/21
  
                364,880
     
Burlington No SF
  
$39,066 principal, 5.72%, due 1/15/24
  
                  40,323
 
 
56
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts (continued)
        
 
Underlying assets (continued)
        
   
Corporate debt securities (continued):
        
     
Burlington North
  
$200,000 principal, 4.3%, due 7/1/13
 $  
              210,172
     
BURLINGTON/SANTA
  
$1,400,000 principal, 4.875%, due 1/15/15
  
             1,461,566
     
CAPITAL ONE FIN
  
$1,650,000 principal, 6.75%, due 9/15/17
  
             1,775,511
     
CAPITAL ONE FIN
  
$250,000 principal, 7.375%, due 5/23/14
  
                283,058
     
CIGNA Corp.
  
$826,000 principal, 7.875%, due 5/15/27
  
                844,075
     
CIGNA
  
$325,000 principal, 6.375%, due 10/15/11
  
                344,208
     
CIGNA
  
$600,000 principal, 8.5%, due 5/1/19
  
                681,768
     
CITIGROUP INC
  
$1,900,000 principal, 1.9725%, due 5/15/18
  
             1,764,103
     
CITIGROUP
  
$1,075,000 principal, 6.125%, due 11/21/17
  
             1,083,573
     
Comcast Corp.
  
$375,000 principal, 5.85%, due 11/15/15
  
                412,062
     
Comcast Corp.
  
$150,000 principal, 5.3%, due 1/15/14
  
                160,094
     
Comcast Corp.
  
$350,000 principal, 5.9%, due 3/15/16
  
                376,922
     
COMCAST CORP
  
$825,000 principal, 6.3%, due 11/15/17
  
                902,729
     
COMCAST CORP
  
$375,000 principal, 6.5%, due 1/15/17
  
                415,149
     
COVIDIEN INT
  
$850,000 principal, 6%, due 10/15/17
  
                918,730
     
COX COM INC
  
$800,000 principal, 9.375%, due 1/15/19
  
             1,012,313
     
Cox Communications
  
$1,425,000 principal, 5.45%, due 12/15/14
  
             1,526,677
     
Cox Communications
  
$600,000 principal, 8.375%, due 3/1/39
  
                747,107
     
Cox Communications
  
$425,000 principal, 5.875%, due 12/1/16
  
                449,850
     
CSX TRANSN
  
$369,149 principal, 6.251%, due 1/15/23
  
                391,686
     
CSX TRANSN INC
  
$720,778 principal, 8.375%, due 10/15/14
  
                830,459
     
Dow Chemical
  
$375,000 principal, 7.375%, due 11/1/29
  
                409,455
     
DOW CHEMICAL
  
$1,425,000 principal, 8.55%, due 5/15/19
  
             1,700,232
     
DOW CHEMICAL
  
$525,000 principal, 9.4%, due 5/15/39
  
                694,129
     
FED DEPT ST
  
$1,100,000 principal, 6.9%, due 4/1/29
  
                968,000
     
FED EXPRESS 98-1A
  
$556,796 principal, 6.72%, due 1/15/22
  
                586,347
     
FEDERATED RTL
  
$475,000 principal, 6.375%, due 3/15/37
  
                401,375
     
FEDEX CORP
  
$250,000 principal, 7.375%, due 1/15/14
  
                283,662
     
FEDEX CORP 8% 1/15/19
  
$250,000 principal, 8%, due 1/15/19
  
                301,111
     
Ford Motor Global
  
$2,650,000 principal, 7.375%, due 2/1/11
  
             2,704,023
     
Ford Motor Credit
  
$1,375,000 principal, 7.25%, due 10/25/11
  
             1,388,602
     
FORD MTR CR LLC
  
$200,000 principal, 7.8%, due 6/1/12
  
                202,000
     
General Electric Glb
  
$1,100,000 principal, 5%, due 2/1/13
  
             1,163,756
     
GMAC LLC
  
$2,805,000 principal, 6.875%, due 9/15/11
  
             2,783,963
 
 
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts (continued)
              
 
Underlying assets (continued)
              
   
Corporate debt securities (continued):
              
     
GMAC LLC
  
$635,000 principal, 8%, due 11/1/31
 $ 
             574,675
     
HEALTHNET IMC
  
$525,000 principal, 6.375%, due 6/1/17
  
                469,875
     
HSBC HLDGS
  
$575,000 principal, 6.5%, due 5/2/36
  
                603,074
     
HSBC HLDGS
  
$725,000 principal, 6.5%, due 9/15/37
  
                757,474
     
JP MORGAN CH
  
$475,000 principal, 5.85%, due 8/1/35
  
                413,354
     
LAFARGE SA
  
$800,000 principal, 6.5%, due 7/15/16
  
                848,157
     
LIBERTY MEDIA
  
$104,000 principal, 8.25%, due 2/1/30
  
                  95,290
     
LIBERTY MEDIA
  
$275,000 principal, 8.5%, due 7/15/29
  
                251,969
     
LIBERTY MUT
  
$400,000 principal, 7.25%, due 9/1/12
  
                412,755
     
MACYS RETAIL HL
  
$275,000 principal, 8.875%, due 7/15/15
  
                303,188
     
MACYS RETAIL HLDGS
  
$550,000 principal, 7%, due 2/15/28
  
                484,000
     
May Department Stores
  
$625,000 principal, 6.7%, due 7/15/34
  
                543,750
     
MAY DEPT STORES
  
$1,200,000 principal, 6.9%, due 1/15/32
  
             1,044,000
     
Nordstrom Inc
  
$325,000 principal, 6.95%, due 3/15/28
  
                353,565
     
NORDSTROM INC GLB
  
$475,000 principal, 6.25%, due 1/15/18
  
                514,173
     
NORDSTROM MTN
  
$200,000 principal, 6.75%, due 6/1/14
  
                223,360
     
PHILIPS EL KONI
  
$1,500,000 principal, 5.75%, due 3/11/18
  
             1,596,090
     
Provident Company
  
$375,000 principal, 7.25%, due 3/15/28
  
                309,752
     
REED ELSEVIER
  
$200,000 principal, 7.75%, due 1/15/14
  
                227,705
     
REED ELSEVIER C
  
$800,000 principal, 8.625%, due 1/15/19
  
                973,415
     
ROCHE HLDGS INC
  
$750,000 principal, 6%, due 3/1/19
  
                824,138
     
SBAP 05-20L
  
$934,973 principal, 5.39%, due 12/1/25
  
                991,358
     
SBAP 07-20E
  
$1,256,930 principal, 5.31%, due 5/1/27
  
             1,336,332
     
SLM CORP MEDIUM
  
$1,200,000 principal, 8.45%, due 6/15/18
  
             1,184,104
     
SLMA 07-1A A2
  
$609,660 principal, 0.2819%, due 1/25/16
  
                609,008
     
SLMA 07-2 A2
  
$1,700,000 principal, 0.28219%, due 7/25/17
  
             1,682,481
     
SLMA 07-3 A1
  
$226,925 principal, 0.27219%, due 10/27/14
  
                226,723
     
SPRINT CAP CRP
  
$450,000 principal, 6.875%, due 11/15/28
  
                374,063
     
SPRINT NEXTEL
  
$900,000 principal, 6%, due 12/1/16
  
                821,250
     
St. Paul Travelers
  
$450,000 principal, 5.5%, due 12/1/15
  
                487,477
     
TIME WARNER CAB
  
$1,150,000 principal, 8.75%, due 2/14/19
  
             1,401,590
     
TIME WARNER MTN
  
$300,000 principal, 8.25%, due 4/1/19
  
                357,328
     
TRAVELERS MTN
  
$325,000 principal, 5.75%, due 12/15/17
  
                344,559
     
UNION PACIFIC
  
$1,350,000 principal, 7.875%, due 1/15/19
  
             1,633,501

 
58
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts (continued)
        
 
Underlying assets (continued)
        
   
Corporate debt securities (continued):
        
     
UNION PACIFIC PTC
  
$1,800,803 principal, 5.082%, due 1/2/29
 $ 
           1,694,570
     
UNUM GROUP
  
$135,000 principal, 7.625%, due 3/1/11
  
                139,219
      UNUM Provident   $165,000 principal, 6.85%, due 11/15/15   171,806
      WACHOVIA CORP FRN      $1,575,000 principal, 2.05063%, due 5/1/13   1,606,902
      WACHOVIA CORP MTN   $525,000 principal, 5.75%, due 2/1/18   547,873
     
WELLPOINT INC
  
$625,000 principal, 7%, due 2/15/19
  
                699,018
     
WELLPOINT GLOBAL
  
$375,000 principal, 5%, due 12/15/14
  
                390,120
     
WELLPOINT GLOBAL
  
$1,025,000 principal, 5.25%, due 1/15/16
  
             1,034,658
     
Wyeth
  
$1,075,000 principal, 5.5%, due 2/1/14
  
             1,171,185
     
Wyeth
  
$600,000 principal, 5.5%, due 2/15/16
  
                644,920
     
XEROX CORP
  
$800,000 principal, 5.6255%, due 12/15/19
  
                798,883
     
XEROX CORP
  
$200,000 principal, 6.35%, due 5/15/18
  
                208,626
     
Xerox Corp.
  
$2,350,000 principal, 6.4%, due 3/15/16
  
             2,498,330
     
XEROX CORP
  
$450,000 principal, 6.75%, due 2/1/17
  
                482,747
     
Xerox Corp.
  
$900,000 principal, 7.125%, due 6/15/10
  
                920,578
   
U.S. Government obligations:
        
     
US Treasury Note
  
$3,500,000 principal, 2.625%, due 5/31/10
  
             3,534,591
     
US Treasury Note
  
$1,400,000 principal, 4.75%, due 2/15/10
  
             1,407,328
     
SBAP 05-20B
  
$365,221 principal, 4.625%, due 2/1/25
  
                378,309
     
SBAP 06-20L
  
$969,174 principal, 5.12%, due 12/1/26
  
             1,021,858
     
SBAP 93-20F
  
$230,747 principal, 6.65%, due 6/1/13
  
                240,414
     
SBAP 98-20D
  
$308,084 principal, 6.15%, due 4/1/18
  
                331,945
     
GSBA 504
  
$346,607 principal, 4.72%, due 2/1/24
  
                360,116
     
GSMPS 04-4
  
$571,492 principal, 8%, due 6/25/34
  
                479,842
     
FHLG
  
$1,634,802 principal, 6.5%, due 8/1/37
  
             1,752,431
     
FHLG
  
$979,940 principal, 6.5%, due 9/1/37
  
             1,045,244
     
FHLG
  
$1,432,619 principal, 6.5%, due 10/1/37
  
             1,528,090
     
FHLG
  
$2,824,086 principal, 6.5%, due 10/1/38
  
             3,012,285
     
FHLG
  
$991,572 principal, 6.5%, due 12/1/31
  
             1,071,595
     
FHLG
  
$1,470,151 principal, 6.5%, due 12/1/32
  
             1,587,878
     
FHLG
  
$1,205,464 principal, 5.5%, due 12/1/33
  
             1,286,079
     
FHLG
  
$966,602 principal, 6%, due 2/1/19
  
             1,038,127
     
FHLG
  
$498,708 principal, 6%, due 2/1/19
  
                534,911
     
FHLG
  
$2,466,647 principal, 6%, due 3/1/23
  
             2,641,239
     
FHLG
  
$335,196 principal, 6%, due 11/1/16
  
                358,502
     
FHLG
  
$745,175 principal, 6.5%, due 7/1/16
  
                804,138
     
FHLM ARM
  
$2,264,423 principal, 4.98%, due 5/1/35
  
             2,369,123

 
59
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts (continued)
        
 
Underlying assets (continued)
        
   
U.S. Government obligations (continued):
        
     
FHLM ARM
  
$194,189 principal, 5.38%, due 5/1/36
 $ 
             203,126
     
FHLM ARM
  
$796,130 principal, 5.70%, due 6/1/36
  
                835,609
     
FNGT
  
$522,193 principal, 7%, due 2/19/30
  
                535,394
     
FNMA
  
$5,277,861 principal, 5.5%, due 6/1/33
  
             5,550,000
     
FNMA
  
$903,470 principal, 6%, due 4/1/35
  
                965,054
     
FNMA
  
$183,761 principal, 6.5%, due 2/1/34
  
                196,950
     
FNMA
  
$1,580,380 principal, 6.5%, due 7/1/38
  
             1,694,835
     
FNMA
  
$3,409,348 principal, 6.5%, due 10/1/37
  
             3,639,213
     
FNMA
  
$7,762,306 principal, 6.5%, due 10/1/38
  
             8,326,893
     
FNMA
  
$938,760 principal, 6.5%, due 12/1/32
  
             1,014,668
     
FNMA
  
$4,996,680 principal, 7%, due 12/1/38
  
             5,482,881
     
FNMA
  
$1,173,091 principal, 7%, due 4/1/32
  
             1,084,239
     
FNMA
  
$1,280,085 principal, 7%, due 8/1/32
  
             1,414,644
     
FNMA
  
$1,046,501 principal, 7%, due 9/1/28
  
             1,148,330
     
FNMA
  
$993,904 principal, 6%, due 2/1/28
  
             1,059,478
     
FNMA
  
$865,526 principal, 6%, due 10/1/27
  
                922,630
     
FNMA
  
$1,023,782 principal, 5.6%, due 12/1/11
  
             1,084,731
     
FNMA
  
$683,490 principal, 5.91%, due 2/1/12
  
                727,601
     
FNMA
  
$473,007 principal, 6.03%, due 5/1/11
  
                489,234
     
FNMA
  
$599,334 principal, 6.11%, due 2/1/12
  
                641,832
     
FNMA
  
$522,110 principal, 5.50%, due 2/1/18
  
                553,518
     
FNMA
  
$356,947 principal, 5.5%, due 12/1/18
  
                379,942
     
FNMA
  
$807,420 principal, 6%, due 2/1/19
  
                866,709
     
FNMA
  
$1,044,183 principal, 6%, due 5/1/18
  
             1,120,533
     
FNMA
  
$1,614,263 principal, 6%, due 8/1/22
  
             1,733,063
     
FNMA
  
$893,139 principal, 6%, due 9/1/19
  
                959,993
     
FNMA
  
$2,697,292 principal, 6%, due 9/1/21
  
             2,895,796
     
FNMA
  
$539,134 principal, 6%, due 12/1/18
  
                579,042
     
FNMA
  
$633,726 principal, 6.5%, due 1/1/19
  
                684,445
     
FNMA
  
$837,281 principal, 6.5%, due 1/1/19
  
                903,392
     
FNMA
  
$1,317,617 principal, 6%, due 3/1/36
  
             1,410,725
     
FNMA ARM
  
$3,048,409 principal, 4.5%, due 5/1/35
  
             3,162,078
     
FNMA ARM
  
$309,225 principal, 4.76%, due 6/1/35
  
                320,615
     
FNMA ARM
  
$950,705 principal, 4.959%, due 6/1/35
  
                990,257
 
 
60
 
Hewlett-Packard Company 401(k) Plan
 
 EIN: 94-1081436   PN: 004
 
Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (continued)
 
December 31, 2009
                   
                   
       
(c)
    
       
Description of Investment,
    
     
(b)
Including Maturity Date,
  
 (e)
     
Identity of  Issue, Borrower,
Rate of Interest, Collateral,
  
 Current
(a)
    
Lessor, or Similar Party
Par, or Maturity Value
  
 Value
 
Synthetic guaranteed investment contracts (continued)
        
 
Underlying assets (continued)
        
   
U.S. Government obligations (continued):
        
     
FNR
  
$3,601,616 principal, 6%, due 3/25/31
 $ 
           3,746,475
     
FNW
  
$387,451 principal, 7%, due 2/25/44
  
                417,493
     
FNW
  
$508,371 principal, 7.5%, due 3/25/44
  
                570,087
     
CA ST
  
$375,000 principal, 5.45%, due 4/1/15
  
                377,306
     
CA ST
  
$150,000 principal, 6.2%, due 10/1/19
  
                144,738
     
CA ST
  
$350,000 principal, 7.3%, due 10/1/39
  
                329,651
     
CA ST
  
$1,325,000 principal, 7.5%, due 4/1/34
  
             1,286,058
     
CA ST
  
$1,625,000 principal, 7.55%, due 4/1/39
  
             1,574,739
     
CA ST
  
$225,000 principal, 5.65%, due 4/1/39
  
                229,570
     
FHLBDN
  
$1,000,000 principal, 0.0%, due 1/4/10
  
             1,000,000
     
FHLBDN
  
$999,998 principal, 0.0%, due 1/8/10
  
                999,998
     
FHLBDN
  
$4,000,000 principal, 0.0%, due 2/17/10
  
             3,999,852
     
FNMA DN
  
$2,000,000 principal, 0.0%, due 1/13/10
  
             1,999,990
   
Common/collective trusts
              
     
Dwight Intermediate Core Plus
    
       10,557,748
  
units
  
         170,992,395
     
Dwight Target 5 Fund
    
         7,522,598
  
units
  
         142,627,076
     
Dwight Target 2 Fund
    
       36,154,410
  
units
  
         635,253,443
 
Total market value of underlying assets
            
      1,317,141,860
               
 
Wrapper values
            
   
JP Morgan Chase AHP01
  
3.41%
  
interest rate
  
                670,387
   
Monumental - AEGON MDA00963TR
  
3.50%
  
interest rate
  
                181,952
 
Total wrapper values
          
                852,339
Total synthetic guaranteed investment contracts
          
      1,317,994,199
                   
                   
Guaranteed investment contracts
            
 
Pacific Life G-27351-1
  
5.48%
  
interest rate
  
           11,762,700
 
Prudential Ins. Co. America GIC 062063211
  
5.28%
  
interest rate
  
             5,986,965
Total guaranteed investment contracts
          
           17,749,665
                   
* Participant loans
 Interest rates ranging from 4.25%–11.50%, maturing through 2033
         133,064,572
Total investments
          $
 10,185,682,751
                   
* Indicates party-in-interest to the Plan.
            
Note: Column (d), cost, has been omitted, as all investments are participant-directed.
    
                   
 
 
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SIGNATURE
 
 
The Plan. Pursuant to the requirements of the Securities and Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
 
HEWLETT-PACKARD COMPANY 401(k) PLAN
   
   
June 25, 2010
  /s/ Paul T. Porrini
 
 
Paul T. Porrini
Vice President, Deputy General Counsel
and Assistant Secretary
   
 
 
 

 
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INDEX TO EXHIBIT
 
     
Exhibit Number
  
Description
23
  
Consent of Ernst and Young LLP, Independent Registered Public Accounting Firm
 

 

 
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