CABOT CORP — Director's Dealing 2007

Apr 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CABOT CORP (CBT)
CIK: 0000016040
Period of Report: 2007-03-30

Reporting Person: ENRIQUEZ CABOT JUAN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-30	Phantom stock	$	A	309.03	Acquired	1988-08-08	Common stock (309.03)	Direct

Footnotes

F1: 1 for 1.

F2: Immediately exercisable.

F3: The shares of phantom stock become payable upon the reporting person's termination of service as a director.

F4: On January 11, 2007, Cabot's Board of Directors declared a dividend of $.18 per share on Cabot common stock, payable on March 9, 2007 to all holders of record of common stock on February 23, 2007. Mr. Enriquez-Cabot received a dividend on his phantom stock units totalling $407.09, which was immediately reinvested in phantom stock units at a price of $45.25 per share. As a result, 8.9965 phantom stock units were allocated to Mr. Enriquez-Cabot on March 9, 2007.