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)
EVP and CLO
(Last)
(First)
(Middle)
ONE CVS DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
03/13/2012
(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 03/13/2012   M   147,531 A $ 30.035 345,973.1895 D  
Common Stock 03/13/2012   M   102,469 A $ 28.1 448,442.1895 D  
Common Stock 03/13/2012   S(1)   147,531 D $ 44.9292 (2) 300,911.1895 D  
Common Stock 03/13/2012   S(1)   102,469 D $ 44.9292 (3) 198,442.1895 D  
Common Stock 03/14/2012   M   26,003 A $ 28.1 224,445.1895 D  
Common Stock 03/14/2012   M   44,621 A $ 36.23 269,066.1895 D  
Common Stock 03/14/2012   M   136,089 A $ 34.42 405,155.1895 D  
Common Stock 03/14/2012   S(1)   26,003 D $ 45.0588 (4) 379,152.1895 D  
Common Stock 03/14/2012   S(1)   44,621 D $ 45.0588 (5) 334,531.1895 D  
Common Stock 03/14/2012   S(1)   136,089 D $ 45.0588 (6) 198,442.1895 D  
Common Stock 03/14/2012   S(1)   43,287 D $ 45.0631 (7) 155,155.1895 D  
Common Stock 03/15/2012   S(1)   154,941 D $ 44.9733 (8) 214.1895 D  
Common Stock (restricted)               99,389 D  
ESOP Common Stock               2,211.8523 I By ESOP
Stock Unit               14,681 D  

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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
Stock Option $ 30.035 03/13/2012   M     147,531 04/03/2007(9) 04/03/2013 Common Stock 147,531 $ 0 0 D  
Stock Option $ 28.1 03/13/2012   M     102,469 04/01/2010(10) 04/01/2016 Common Stock 102,469 $ 0 90,240 D  
Stock Option $ 28.1 03/14/2012   M     26,003 04/01/2010(10) 04/01/2016 Common Stock 0 $ 0 64,237 D  
Stock Option $ 36.23 03/14/2012   M     44,621 04/01/2011(11) 04/01/2017 Common Stock 44,621 $ 0 89,244 D  
Stock Option $ 34.42 03/14/2012   M     136,089 04/02/2008(12) 04/02/2014 Common Stock 136,089 $ 0 0 D  
Stock Option $ 41.17             04/01/2009(13) 04/01/2015 Common Stock 172,973   172,973 D  
Stock Option $ 34.96             04/01/2012(14) 04/01/2018 Common Stock 93,781   93,781 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SGARRO DOUGLAS A
ONE CVS DRIVE
WOONSOCKET, RI 02895-		       EVP and CLO  

Signatures

 Douglas A. Sgarro   03/15/2012
**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) All sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
(2) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.54 and $45.25 per share.
(3) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.54 and $45.25 per share.
(4) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.99 and $45.22 per share.
(5) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.99 and $45.22 per share.
(6) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.99 and $45.22 per share.
(7) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.99 and $45.22 per share.
(8) Represents weighted average sale price for this trading day. Multiple sales were executed, with sales prices ranging between $44.81 and $45.16 per share.
(9) Option became exercisable in three equal annual installments, commencing 4/3/2007.
(10) Option became exercisable in three equal annual installments, commencing 4/1/2010.
(11) Option became exercisable in three equal annual installments, commencing 4/1/2011.
(12) Option became exercisable in three equal annual installments, commencing 4/2/2008.
(13) Option became exercisable in three equal annual installments, commencing 4/1/2009.
(14) Option becomes exercisable in four equal annual installments, commencing 4/1/2012.

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