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^*

BODINE CHRIS W

(Last)

(First)

(Middle)

ONE CVS DRIVE

(Street)

WOONSOCKET

02895-

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CVS CAREMARK CORP [ CVS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
05/23/2008

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	05/23/2008		M		80,000	A	$12.5625	82,583.0986⁽¹⁾	D
Common Stock	05/23/2008		M		42,500	A	$14.9625	125,083.0986⁽¹⁾	D
Common Stock	05/23/2008		M		100,000	A	$17.6675	225,083.0986⁽¹⁾	D
Common Stock	05/23/2008		M		50,000	A	$19.2813	275,083.0986⁽¹⁾	D
Common Stock	05/23/2008		M		100,000	A	$22.445	375,083.0986⁽¹⁾	D
Common Stock	05/23/2008		S		372,500	D	$42.3532	2,583.0986⁽¹⁾	D
Common Stock								187,327.8254⁽²⁾	I	By Trust as Beneficiary

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)
Stock Option	$12.5625	05/23/2008		M			80,000	⁽³⁾	01/09/2013	Common Stock	80,000	$0	0	D
Stock Option	$14.9625	05/23/2008		M			42,500	⁽⁴⁾	01/02/2012	Common Stock	42,500	$0	0	D
Stock Option	$17.6675	05/23/2008		M			100,000	⁽⁵⁾	01/08/2011	Common Stock	100,000	$0	0	D
Stock Option	$19.2813	05/23/2008		M			50,000	⁽⁶⁾	01/03/2010	Common Stock	50,000	$0	0	D
Stock Option	$22.445	05/23/2008		M			100,000	⁽⁷⁾	01/05/2012	Common Stock	100,000	$0	0	D

Explanation of Responses:

1. Includes shares acquired pursuant to issuer's Employee Stock Purchase Plan.

2. Includes dividend reinvestment shares acquired during the course of the year.

3. Option became exercisable in three annual installments, commencing 1/9/2005.

4. Option became exercisable in three annual installments, commencing 1/2/2004.

5. Option became exercisable in three annual installments, commencing 1/8/2005.

6. Option became exercisable in three equal installments, commencing 1/3/2002

7. Option becomes exercisable in three annual installments, commencing 1/5/2006.

	ChrisWBodine	05/28/2008
	** 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).
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