EXHIBIT 10 (ii)
INCENTIVE STOCK PLAN STOCK OPTION AGREEMENT (NON-QUALIFIED)
THIS AGREEMENT, dated July 17, 1999 ("Grant Date") by and between HEWLETT- PACKARD
COMPANY, a Delaware corporation ("Company"), and 00547500 Carleton S. Fiorina ("Employee"), is
entered into as follows:
WHEREAS, the Company has established the Hewlett-Packard Company 1995 Incentive Stock Plan ("Plan"), a
copy of which can be found on the Stock Options Web Site at:
http://hpweb.corp.hp.com/publish/hwp/stock/stok_opt.htm or by written or telephonic request to the Company
Secretary, and which Plan made a part hereof; and
WHEREAS, the Compensation Committee of the Board of Directors of the Company ("Committee") determined
that the Employee be granted an option under the Plan as reflected in the terms and conditions contained in the
Employment Agreement by and between the Employee and the Company made as of July 17, 1999 (the
"Employment Agreement") and as hereinafter set forth;
NOW THEREFORE, the parties hereby agree that in consideration of services to be rendered, the Company
grants the Employee an option ("Option") to purchase 600,000 shares of its $1.00 par value voting common
stock of the Company ("Stock") upon the terms and conditions set forth herein.
1. This Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.
2. The Option price shall be $113.03 per share of Stock.
3. Except as may be provided in this Paragraph 3, this Option is not transferable by the Employee otherwise than
by will or the laws of descent and distribution, and is exercisable only by the Employee during her lifetime. Except
as may be provided in this Paragraph 3, this Option may not be transferred, assigned, pledged or hypothecated
by the Employee during her lifetime, whether by operation of law or otherwise, and is not subject to execution,
attachment or similar process. The Employee may transfer this Option (to the extent vested) consistent wi