CVS HEALTH Corp — Director's Dealing 2011

Apr 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CVS CAREMARK CORP (CVS)
CIK: 0000064803
Period of Report: 2011-04-01

Reporting Person: MERLO LARRY J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-01	Common Stock (restricted)	A	64360	$34.96	Acquired	241752	Direct
2011-04-03	Common Stock	F	3091	$34.96	Disposed	147285.8541	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-01	Stock Option	$34.96	A	241150	Acquired	2018-04-01	Common Stock (241150)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	328448.7693	Indirect
ESOP Common Stock	6171.6477	Indirect
Stock Unit	204432.9091	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Credits	$1.00		Common Stock (5220.6072)	5220.6072	Direct
Stock Option	$14.9625	2012-01-02	Common Stock (144822)	144822	Direct
Stock Option	$12.5625	2013-01-09	Common Stock (80000)	80000	Direct
Stock Option	$30.035	2013-04-03	Common Stock (161359)	161359	Direct
Stock Option	$34.42	2014-04-02	Common Stock (136089)	136089	Direct
Stock Option	$41.17	2015-04-01	Common Stock (144144)	144144	Direct
Stock Option	$28.10	2016-04-01	Common Stock (185572)	185572	Direct
Stock Option	$36.23	2017-04-01	Common Stock (152988)	152988	Direct

Footnotes

F1: Consists of Restricted Stock Units awarded pursuant to Issuer's 2010 Incentive Compensation Plan. Restrictions lapse in two equal installments, 50% on 4/1/2014 and 50% on 4/1/2016.

F2: Surrender of shares in payment of withholding taxes due.

F3: Option becomes exercisable in four equal annual installments, commencing 4/1/2012.

F4: Each share credit is equivalent to one share; 1-for-1 conversion.

F5: Reflects 2002 and 2003 year end company match share credits of 33 and 27, respectively, 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.

F6: 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.

F7: Option became exercisable in three equal annual installments, commencing 4/3/2007.

F8: Option became exercisable in three equal annual installments, commencing 4/2/2008.

F9: Option became exercisable in three equal annual installments, commencing 4/1/2009.

F10: Option became exercisable in three equal annual installments, commencing 4/1/2010.

F11: Option became exercisable in three equal annual installments, commencing 4/1/2011.