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 *
SGARRO DOUGLAS A
   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
(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)
04/04/2007		 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               112,246 (1) D  
Common Stock (Restricted) 04/02/2007   A   13,074 (2) A $ 0 68,391 D  
Stock Unit               28,779 D  
ESOP Preference Stock               387 (3) I By ESOP
Common Stock               9,532 (4) 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               (5)   (5) Common Stock 6,372   5,512 D  
Stock Option $ 12.5625             01/09/2005 01/09/2013 Common Stock 110,000   110,000 D  
Stock Option $ 14.9625             01/02/2003 01/02/2012 Common Stock 133,726   133,726 D  
Stock Option $ 17.6675             01/08/2005 01/08/2011 Common Stock 70,000   70,000 D  
Stock Option $ 18.3477             02/27/2001 02/27/2008 Common Stock 57,960   57,960 D  
Stock Option $ 19.2813             01/03/2002 01/03/2010 Common Stock 60,000   60,000 D  
Stock Option $ 22.445             01/05/2006 01/05/2012 Common Stock 80,000   80,000 D  
Stock Option $ 25             03/10/2001 03/10/2009 Common Stock 40,000   40,000 D  
Stock Option $ 30.035             04/03/2007 04/03/2013 Common Stock 147,531   147,531 D  
Stock Option $ 30.2625             03/07/2003 03/07/2011 Common Stock 70,000   70,000 D  
Stock Option $ 34.42             04/02/2008 04/02/2014 Common Stock 136,089   136,089 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SGARRO DOUGLAS A
ONE CVS DRIVE
WOONSOCKET, RI 02895-		       Executive Vice President  

Signatures

 Douglas A Sgarro   04/18/2007
**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).
(1) Includes shares acquired pursuant to issuer's Employee Stock Purchase Plan.
(5) Reflects year end company match share credits 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.
(2) 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 4/22/2014.
(4) Includes dividend reinvestment shares acquired during the course of the year.
(3) Reflects stock beneficially owned pursuant to issuer's ESOP Plan.

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