Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WALLACE CHRISTINE W
   2. Issuer Name and Ticker or Trading Symbol
NCR CORP [NCR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior V.P., WCS
(Last)
(First)
(Middle)
1700 S. PATTERSON BOULEVARD		 3. Date of Earliest Transaction (Month/Day/Year)
02/07/2008
(Street)

DAYTON, OH 45479		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/07/2008   M   25,579 A $ 9.57 66,713.176 D  
Common Stock 02/07/2008   S   5,600 D $ 21.39 61,113.176 D  
Common Stock 02/07/2008   S   800 D $ 21.42 60,313.176 D  
Common Stock 02/07/2008   S   100 D $ 21.43 60,213.176 D  
Common Stock 02/07/2008   S   200 D $ 21.38 60,013.176 D  
Common Stock 02/07/2008   S   200 D $ 21.37 59,813.176 D  
Common Stock 02/07/2008   S   100 D $ 21.31 59,713.176 D  
Common Stock 02/07/2008   S   300 D $ 21.36 59,413.176 D  
Common Stock 02/07/2008   S   300 D $ 21.35 59,113.176 D  
Common Stock 02/07/2008   S   500 D $ 21.34 58,613.176 D  
Common Stock 02/07/2008   S   100 D $ 21.12 58,513.176 D  
Common Stock 02/07/2008   S   1,100 D $ 21.11 57,413.176 D  
Common Stock 02/07/2008   S   4,679 D $ 21.1 52,734.176 D  
Common Stock 02/07/2008   S   900 D $ 21.07 51,834.176 D  
Common Stock 02/07/2008   S   700 D $ 21.02 51,134.176 D  
Common Stock 02/07/2008   S   3,100 D $ 21.01 48,034.176 D  
Common Stock 02/07/2008   S   6,900 D $ 21 41,134.176 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (Right to Buy) $ 9.57 (1) 02/07/2008   M     25,579   (2) 01/04/2009 Common Stock 45,554 (3) $ 0 19,975 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WALLACE CHRISTINE W
1700 S. PATTERSON BOULEVARD
DAYTON, OH 45479		       Senior V.P., WCS  

Signatures

 Nelson F. Greene, Attorney-in-fact for Christine W. Wallace   02/11/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The previously reported stock price was $41.50. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously reported price of $41.50 split to $20.75. On September 30, 2007, NCR Corporation completed the spin-off of its Teradata Division into a separate publicly-traded company (the "Spin-Off"), and the exercise price was adjusted using the conversion ratio at the Spin-Off, converting the exercise price to $9.57.
(2) The option vested in three equal annual installments beginning January 4, 2000.
(3) Previously reported number of securities was 10,500. On January 21, 2005, the common stock of NCR Corporation split 2-for-1, with the result that the previously-reported number of securities doubled to 21,000. Additionally, on September 30, 2007, the number of shares were adjusted using the conversion ratio at the time of the Spin-Off, converting the number of shares to 45,554.
 
Remarks:
Form 4 number 1 of 2.

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