SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WOOD ROBERT L

(Last)

(First)

(Middle)

199 BENSON ROAD

(Street)

MIDDLEBURY

06749

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Chemtura CORP [ CEM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/01/2007		J⁽¹⁾		3,400	D	$0	306,678	D
Common Stock	02/02/2007		J⁽²⁾		24,197	A	$11.675	330,875	D
Common Stock	02/02/2007		J⁽³⁾		41,335	D	$11.675	62,011	I	Restricted Stock Account III
Common Stock								110,000	I	Restricted Stock Account IV
Common Stock								2,294	I	Savings Plan (401K) Trust
Common Stock								12,459	I	Supplemental Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
NQ Rights Option	$12.92							02/23/2006	03/22/2015	Common Stock	300,000		300,000	D
NQ Stock Option (Right to Buy)	$7.64							01/20/2005	02/19/2014	Common Stock	500,000		500,000	D
NQ Stock Option (Right to Buy)	$10.75							03/06/2007	04/05/2016	Common Stock	550,000		550,000	D

Explanation of Responses:

1. In a Form 4 filing for the reporting person on January 23, 2007, it was indicated that an aggregate of 138,092 shares were distributed to the reporting person from two restricted stock accounts, of which 43,795 shares were withheld to satisfy tax withholding requirements and direct holdings were increased by 94,297 shares. The tax calculation was incorrect in that it understated the number of shares required to be withheld to satisfy tax withholding requirements and therefore overstated the number of shares being transferred into the direct holdings column. Accordingly, the correct information is as follows: An aggregate of 138,092 shares were distributed to the reporting person from two restricted stock accounts, of which 47,195 shares are being withheld to satisfy tax withholding requirements and direct holdings are being increased by 90,897 shares. Therefore, the direct holdings column is being reduced by 3,400 shares (94,297 shares -- 90,897 shares).

2. Direct holdings increased by 24,197 shares transferred from Restricted Stock Account III.

3. 41,335 shares were distributed to the reporting person in connection with the 2005-2007 Long Term Incentive Plan from Restricted Stock Account III, of which 17,138 shares were withheld to satisfy tax withholding requirements.

	Robert L. Wood	02/02/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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