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*
RYAN THOMAS M
(Last) (First) (Middle)
ONE CVS DRIVE
(Street)
WOONSOCKET RI 02895-
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CVS CORP [ CVS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2004
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)
Code V Amount (A) or (D) Price
Common Stock 05/18/2004 M 2,900 A $16.7223 65,027(1) D
Common Stock 05/18/2004 M 123,230 A $16.1811 188,257(1) D
Common Stock 05/18/2004 S 28,030 D $40.25 160,227(1) D
Common Stock 05/18/2004 S 25,200 D $40.2 135,027(1) D
Common Stock 05/18/2004 S 72,900 D $40.1 62,127(1) D
Common Stock 05/19/2004 M 197,100 A $16.7223 259,227(1) D
Common Stock 05/19/2004 S 40,400 D $40.15 218,827(1) D
Common Stock 05/19/2004 S 42,800 D $40.16 176,027(1) D
Common Stock 05/19/2004 S 52,600 D $40.17 123,427(1) D
Common Stock 05/19/2004 S 25,700 D $40.18 97,727(1) D
Common Stock 05/19/2004 S 5,700 D $40.19 92,027(1) D
Common Stock 05/19/2004 S 4,600 D $40.2 87,427(1) D
Common Stock 05/19/2004 S 500 D $40.21 86,927(1) D
Common Stock 05/19/2004 S 5,800 D $40.22 81,127(1) D
Common Stock 05/19/2004 S 6,600 D $40.23 74,527(1) D
Common Stock 05/19/2004 S 4,600 D $40.24 69,927(1) D
Common Stock 05/19/2004 S 7,800 D $40.25 62,127(1) D
Common Stock 482,809(2) I By Trust as beneficiary
ESOP Preference Stock 1,408(3) I By ESOP
Common Stock (Restricted) 171,711 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $16.1811 05/18/2004 M 123,230 04/11/1996 04/11/2005 Common Stock 123,230 $0 0 D
Stock Option $16.7223 05/18/2004 M 2,900 05/14/1997 04/14/2006 Common Stock 2,900 $0 390,020 D
Stock Option $16.7223 05/19/2004 M 197,100 05/14/1997 04/14/2006 Common Stock 197,100 $0 192,920 D
Stock Option $23 02/17/1998 02/17/2007 Common Stock 391,320 391,320 D
Stock Option $25.125 01/09/2005 01/09/2013 Common Stock 450,000 450,000 D
Stock Option $29.925 01/02/2003 01/02/2012 Common Stock 506,062 506,062 D
Stock Option $35.335 01/08/2005 01/08/2011 Common Stock 200,000 200,000 D
Stock Option $36.6953 02/27/2001 02/27/2008 Common Stock 195,660 195,660 D
Stock Option $37.3125 03/12/2001 03/12/2008 Common Stock 600,000 600,000 D
Stock Option $38.5625 01/03/2002 01/03/2010 Common Stock 200,000 200,000 D
Stock Option $50 03/10/2001 03/10/2009 Common Stock 150,000 150,000 D
Stock Option $60.525 03/07/2003 03/07/2011 Common Stock 250,000 250,000 D
Phantom Stock Credits $1 (4) (4) Common Stock 614 614 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. Reflects stock beneficially owned pursuant to issuer's ESOP Plan.
4. Reflects 2002 and 2003 year end company match share credits of 33 and 581, respectively, under a non-qualified deferred compensation plan; share credits are payable in cash only, at such time as has been elected by the reporting person.
Thomas M Ryan 05/19/2004
** 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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