X0303 4 2011-02-09 0000029915 DOW CHEMICAL CO /DE/ DOW 0001269971 LIVERIS ANDREW N 2030 DOW CENTER MIDLAND MI 48674 1 1 President and CEO Common 2011-02-09 4 M 0 31700.0000 33.9400 A 694425.5665 D Common 2011-02-09 4 F 0 1014.0000 37.8700 D 693411.5665 D Common 2011-02-09 4 F 0 28411.0000 37.8700 D 665000.5665 D Common 945.4070 I By 401(k) Plan Common 927.5640 I By 401(k) Plan ESOP Non-Qualified Stock Option (right to buy) 33.9400 2011-02-09 4 M 0 31700.0000 0.0000 D 2011-03-02 Common 31700.0000 0.0000 D Shares withheld pursuant to tax withholding rights under award and option plans in a transaction exempt under Rule 16b-3. Granted under The Dow Chemical Company 1988 Award and Option Plan. The Plan provides for tax withholding rights. The options vest in three equal annual installments beginning on March 2, 2002. /s/ Andrew N. Liveris 2011-02-11