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^*

WATKINS CAROLE S

(Last)

(First)

(Middle)

7000 CARDINAL PLACE

(Street)

DUBLIN

43017

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CARDINAL HEALTH INC [ CAH ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2007

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 Shares	08/06/2007		F⁽¹⁾		170	D	$66.02⁽²⁾	11,467	D
Common Shares								2,090	I	By 401(k) Plan
Common Shares								2,786	I	By ESPP

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)
Option (right to buy)⁽⁵⁾	$47.333							03/01/2002	03/01/2009	Common Shares	6,231		1	D
Option (right to buy)⁽⁴⁾	$31.167							11/15/2002	11/15/2009	Common Shares	13,181		1	D
Option (right to buy)⁽⁵⁾	$66.083							11/20/2003	11/20/2010	Common Shares	18,704		1	D
Option (right to buy)⁽⁵⁾	$68.1							11/19/2004	11/19/2011	Common Shares	25,771		1	D
Option (right to buy)⁽⁵⁾	$67.9							11/18/2005	11/18/2012	Common Shares	28,571		1	D
Option (right to buy)⁽⁵⁾	$67.9							11/18/2005	02/18/2013	Common Shares	5,259		1	D
Option (right to buy)⁽⁵⁾	$61.38							11/17/2006	11/17/2013	Common Shares	32,805		1	D
Option (right to buy)⁽⁵⁾	$44.15							08/23/2007	08/23/2014	Common Shares	43,500		1	D
Option (right to buy)⁽⁵⁾	$58.88							⁽⁷⁾	09/02/2012	Common Shares	25,817		1	D
Option (right to buy)⁽³⁾	$66.34							⁽⁶⁾	08/15/2013	Common Shares	33,892		1	D

Explanation of Responses:

1. Represents wittholding of shares to satisfy tax withholding obligations of reporting person in connection with settlement of 3,500 restricted share units.

2. Reflects closing price on prior business day.

3. Stock option granted pursuant to the Cardinal Health, Inc. 2005 Long-Term Incentive Plan, as amended.

4. Stock option granted pursuant to the Cardinal Health, Inc. Broadly-based Equity Incentive Plan.

5. Stock option granted pursuant to the Cardinal Health, Inc. Equity Incentive Plan.

6. Stock option vests in four equal annual installments beginning on 8/15/2007.

7. Stock option vests in four equal annual installments beginning on 9/2/2006.

Remarks:

	Carole S. Watkins	08/07/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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