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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Schefsky Lynn A

(Last)

(First)

(Middle)

199 BENSON ROAD

(Street)

MIDDLEBURY

US 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)
	SVP, General Counsel and Sec.

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2008

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	01/31/2008		A⁽³⁾		1,995	A	$6.515	13,539	D
Common Stock	01/31/2008		A⁽⁴⁾		3,200	D	$6.515	0	I	Restricted Stock account: Merger Integration Grants
Common Stock								351	I	By son
Common Stock								6,500	I	Restricted Stock Account
Common Stock								14,800	I	Restricted Stock Account 2007-2009 LTIP
Common Stock								13,300	I	Restricted Stock Account II
Common Stock								10,769.809	I	Savings Plan 401(K) Trust
Common Stock								8,930.56	I	Supplemental Savings Plan
Common Stock								24,000	I	Restricted Stock Account 2008-2010 LTIP
Common Stock	02/28/2008	02/28/2008	A⁽¹⁾		24,000	A	$8.71	24,000	I	Restricted Stock Account 2008-2010 LTIP

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 Stock Option (Right to Buy)	$10.75							03/06/2007	04/05/2016	Common Stock	40,000		40,000	D
NQ Stock Option (Right to Buy)	$11.24							11/23/2005	12/22/2014	Common Stock	25,000		25,000	D
NQ Stock Option (Right to Buy)	$12.46							01/31/2007	02/29/2016	Common Stock	19,200		19,200	D
NQ Stock Option (Right to Buy)	$12.92							02/23/2006	03/22/2015	Common Stock	34,000		34,000	D
NQ Stock Option (Right to Buy)	$12.06							02/16/2008	02/16/2017	Common Stock	46,000		46,000	D
NQ Stock Option (Right to Buy)	$8.71	02/28/2008	02/28/2008	A⁽²⁾		72,000		02/28/2009	02/28/2018	Common Stock	72,000	$8.71	72,000	D

Explanation of Responses:

1. These restricted shares (granted on 2/28/2008) will vest pursuant to the terms of the 2008-2010 Long-Term Incentive Program.

2. These Options will vest in four (4) equal annual installments commencing on the exercisable date (column 6)

3. Direct Holdings increased by 1995 shares transferred from the Restricted Stock Account (Merger Integration Grants).

4. 3,200 shares were distributed to the reporting person from the Restricted Stock Account: Merger Integration Grants, of which 1205 shares were withheld to satisfy tax withholding requirements.

	Lynn A. Schefsky	03/03/2008
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.