CABOT CORP — Director's Dealing 2007

Jun 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CABOT CORP (CBT)
CIK: 0000016040
Period of Report: 2007-06-18

Reporting Person: BURNES KENNETT F (Director, Chairman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-18	Common Stock	S	300	$47.74	Disposed	734702	Direct
2007-06-18	Common Stock	S	100	$47.73	Disposed	734602	Direct
2007-06-18	Common Stock	S	100	$47.72	Disposed	734502	Direct
2007-06-18	Common Stock	S	700	$47.71	Disposed	733802	Direct
2007-06-18	Common Stock	S	200	$47.70	Disposed	733602	Direct
2007-06-18	Common Stock	S	400	$47.69	Disposed	733202	Direct
2006-12-15	Common Stock	G	4580	—	Disposed	728622	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10644.8571	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B ESOP Convertible Preferred Stock	$		Common Stock (20351.038)	139.0305	Indirect

Footnotes

F1: Each share is convertible into 146.3782 shares of the Corporation's common stock.

F2: Under the Retirement Savings Plan, the Corporation allocates Series B ESOP Convertible Preferred Stock to each participant's account on a quarterly basis. Subject to certain terms and conditions of the Retirement Savings Plan, participants may elect to receive distributions of their vested account balance in the form of shares of the Corporation's common stock or cash. Generally, a participant is 20% vested in his account after 2 years of service with the Corporation; 40% vested after 3 years of service; 60% vested after 4 years of service; and 100% vested after 5 years of service.