HEWLETT PACKARD CO
SC 13G, 1998-09-25
COMPUTER & OFFICE EQUIPMENT
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                                 -------------------------------
                                                         OMB APPROVAL
                                                 OMB Number:          3235-0145
                                  SCHEDULE 13G   Expires:       August 31, 1999
                                                 Estimated Average burden
                                                 hours per response........14.9
                                                 -------------------------------
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. __)*


                             HEWLETT-PACKARD COMPANY
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     COMMON STOCK, $1.00 PAR VALUE PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    428236103
                               -------------------
                                 (CUSIP Number)

                                  JULY 1, 1998
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

  [ ] Rule 13d-1(b)
  [X] Rule 13d-1(c)
  [ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of the cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valued OMB Control Number.

SEC 1745 (3-98)

                                Page 1 of 6 Pages

<PAGE>

CUSIP No.  428236103          13G
         -------------

- --------------------------------------------------------------------------------
 1        Name of Reporting Persons
          I.R.S. Identification Nos. of Above Persons (entities only)

          Julie Packard

- --------------------------------------------------------------------------------
 2        Check the Appropriate Box if a Member of a Group

          Not Applicable.                                             (a)  [ ]
                                                                      (b)  [ ]
- --------------------------------------------------------------------------------
 3        SEC USE ONLY



- --------------------------------------------------------------------------------
 4        Citizenship or Place of Organization

          U.S.
- --------------------------------------------------------------------------------
                     5        Sole Voting Power

                              3,270,832
- --------------------------------------------------------------------------------
                     6        Shared Voting Power

     NUMBER OF                128,894,114
       SHARES        -----------------------------------------------------------
    BENEFICIALLY 
      OWNED BY       7        Sole Dispositive Power
        EACH    
     REPORTING                3,270,832
    PERSON WITH      -----------------------------------------------------------
                     8        Shared Dispositive Power

                              128,894,114
- --------------------------------------------------------------------------------
 9        Aggregate Amount Beneficially Owned by Each Reporting Person

          132,164,946
- --------------------------------------------------------------------------------
 10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

                                                                           [X]
- --------------------------------------------------------------------------------
 11       PERCENT OF CLASS PRESENTED BY AMOUNT IN ROW 9

          12.7%
- --------------------------------------------------------------------------------
 12       Type of Reporting Person (See Instructions)


          IN
- --------------------------------------------------------------------------------

                                Page 2 of 6 Pages

<PAGE>


CUSIP No.  428236103          13G
         -------------

ITEM 1(a).          NAME OF ISSUER
- ---------           --------------

                    Hewlett-Packard Company (the "Company")


ITEM 1(b).          ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
- ---------           -----------------------------------------------

                    3000 Hanover Street
                    Palo Alto, California  94304


ITEM 2(a).          NAME OF PERSON FILING
- ---------           ---------------------

                    Julie Packard


ITEM 2(b).          ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
- ---------           -----------------------------------------------------------

                    P.O. Box 1330
                    Los Altos, CA 94023


ITEM 2(c).          CITIZENSHIP
- ---------           -----------

                    U.S.


ITEM 2(d).          TITLE OF CLASS OF SECURITIES
- ---------           ----------------------------

                    Common Stock, $1.00 par value per share


ITEM 2(e).          CUSIP NUMBER
- ---------           ------------

                    428236103


ITEM 3.             IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B)
- ------              -----------------------------------------------------
                    OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
                    -------------------------------------------------

                         (a)  [ ] Broker or Dealer registered under Section 15
                    of the Act;

                         (b)  [ ] Bank as defined in section 3(a)(6) of the
                    Act;

                         (c)  [ ] Insurance Company as defined in section
                    3(a)(19) of the Act;

                                Page 3 of 6 Pages

<PAGE>

CUSIP No.  428236103          13G
         -------------

                         (d)  [ ] Investment Company registered under section 8
                    of the Investment Company Act;

                         (e)  [ ] Investment Adviser registered under section
                    203 of the Investment Company Act of 1940;

                         (f)  [ ] Employee Benefit Plan, Pension Fund
                    which is subject to the provisions of the Employee
                    Retirement Income Security Act of 1974 or Endowment Fund;
                    see sections 240.13d-1(b)(1)(ii)(F);

                         (g)  [ ] Parent Holding Company, in accordance with
                    sections 240.13d-1(b)(ii)(G) (Note:  See Item 7); or

                         (h)  [ ] Group, in accordance with ss.240.13d-
                    1(b)(1)(ii)(H).

                    Not Applicable


ITEM 4.        OWNERSHIP
- ------         ---------

               (a) Amount Beneficially Owned:  132,164,946
                                             ----------------------------------

               (b) Percent of Class:      12.7%
                                    -------------------------------------------

               (c) Number of shares as to which such person has:

                    (i) sole power to vote or to direct the vote
                                         3,270,832
                         ------------------------------------------------------
                    (ii) shared power to vote or to direct the vote
                                         128,894,114
                         ------------------------------------------------------

                    (iii) sole power to dispose or to direct the
               disposition of      3,270,832
                              -------------------------------------------------

                    (iv) shared power to dispose or to direct the
               disposition of         128,894,114
                              -------------------------------------------------


ITEM 5.        OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
- ------         --------------------------------------------

                      If this statement is being filed to report the fact that
                      as of the date hereof the reporting person has ceased to
                      be the beneficial owner of more than five percent of the
                      class of securities, check the following [ ]

                                Page 4 of 6 Pages

<PAGE>


CUSIP No.  428236103          13G
         -------------

ITEM 6.        OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
               ---------------------------------------------------------------

               Not Applicable


ITEM 7.        IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
- ------         ---------------------------------------------------------
               ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
               -----------------------------------------------------
               HOLDING COMPANY
               ---------------

               Not Applicable


ITEM 8.        IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
- ------         ---------------------------------------------------------

               Not Applicable


ITEM 9.        NOTICE OF DISSOLUTION OF GROUP
- ------         ------------------------------
               Not Applicable


ITEM 10.       CERTIFICATION
- -------        -------------


By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

                                Page 5 of 6 Pages

<PAGE>

CUSIP No.  428236103          13G
         -------------

                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.




                                SEPTEMBER 24, 1998
                  --------------------------------------------
                                      Date



                               /s/ Julie Packard
                  --------------------------------------------
                                    Signature



                                  JULIE PACKARD
                  --------------------------------------------
                                   Name/Title


                                Page 6 of 6 Pages


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