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 *
FERDINANDI V MICHAEL
   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)
Senior Vice President
(Last)
(First)
(Middle)
ONE CVS DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
04/02/2007
(Street)

WOONSOCKET, RI 02895-		 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               4,049 (1) D  
Common Stock (PEP)               4,060 (2) D  
Common Stock (Restricted) 04/02/2007   A   5,855 (3) A $ 0 29,681 D  
Stock Unit               31,163 D  
ESOP Preference Stock               292 (4) I By ESOP
Common Stock               21,288 (5) I By Trust as Beneficiary

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Phantom Stock Credits $ 0               (6)   (6) Common Stock 2,395   3,064 D  
Stock Option $ 12.475             03/05/2006 03/05/2013 Common Stock 60,150   60,150 D  
Stock Option $ 12.5625             01/09/2005 01/09/2013 Common Stock 45,000   45,000 D  
Stock Option $ 14.9625             01/02/2004 01/02/2012 Common Stock 7,500   7,500 D  
Stock Option $ 16.98             05/17/2004 05/17/2012 Common Stock 40,000   40,000 D  
Stock Option $ 17.6675             01/08/2005 01/08/2011 Common Stock 60,000   60,000 D  
Stock Option $ 19.2813             01/03/2002 01/03/2010 Common Stock 16,000   16,000 D  
Stock Option $ 22.445             01/05/2006 01/05/2012 Common Stock 60,000   60,000 D  
Stock Option $ 23.5             05/10/2002 05/10/2009 Common Stock 12,780   12,780 D  
Stock Option $ 30.035             04/03/2007 04/03/2013 Common Stock 64,546   64,546 D  
Stock Option $ 30.2625             03/07/2003 03/07/2011 Common Stock 16,000   16,000 D  
Stock Option $ 34.42 04/02/2007   A   60,484   04/02/2008(7) 04/02/2014 Common Stock 60,484 $ 0 60,484 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FERDINANDI V MICHAEL
ONE CVS DRIVE
WOONSOCKET, RI 02895-		       Senior Vice President  

Signatures

 V. Michael Ferdinandi   04/04/2007
**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).
(2) Includes dividend reinvestment shares.
(4) Reflects stock beneficially owned pursuant to issuer's ESOP Plan.
(1) Includes shares acquired pursuant to issuer's Employee Stock Purchase Plan.
(7) Option becomes exercisable in three equal annual installments, commencing 4/2/2008.
(3) Consists of Restricted Stock Units awarded pursuant to issuer's 1997 Incentive Compensation Plan. Restrictions lapse in two equal installments on 4/2/2010 and 4/2/2012.
(5) Includes dividend reinvestment shares acquired during the course of the year.
(6) Reflects year end company match share credits under a non-qualified deferred compensation plan; share credits are payable in cash only, at such timee as has been elected by the reporting person.

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