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 *
Roberts Jonathan C
   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 & COO, Caremark
(Last)
(First)
(Middle)
ONE CVS DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
09/01/2011
(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 09/01/2011   M   48,000 A $ 22.445 66,611.9506 D  
Common Stock 09/01/2011   S(1)   48,000 D $ 36.01 (2) 18,611.9506 D  
Common Stock (restricted)               54,944 D  
ESOP Common Stock               4,942.4291 I By ESOP
Stock Unit               21,437.1417 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 $ 22.445 09/01/2011   M     48,000 01/05/2006(3) 01/05/2012 Common Stock 48,000 $ 0 0 D  
Phantom Stock Credits $ 1               (4)   (4) Common Stock 1,441.2722   1,441.2722 D  
Stock Option $ 30.035             04/03/2007(5) 04/03/2013 Common Stock 64,546   64,546 D  
Stock Option $ 34.42             04/02/2008(6) 04/02/2014 Common Stock 60,484   60,484 D  
Stock Option $ 41.17             04/01/2009(7) 04/01/2015 Common Stock 86,487   86,487 D  
Stock Option $ 28.1             04/01/2010(8) 04/01/2016 Common Stock 101,708   101,708 D  
Stock Option $ 36.23             04/01/2011(9) 04/01/2017 Common Stock 61,196   61,196 D  
Stock Option $ 34.96             04/01/2012(10) 04/01/2018 Common Stock 85,743   85,743 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Roberts Jonathan C
ONE CVS DRIVE
WOONSOCKET, RI 02895-		       EVP & COO, Caremark  

Signatures

 Jonathan C. Roberts   09/02/2011
**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) The sale reported in this Form 4 was 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 $35.81 and $36.25 per share.
(3) Option became exercisable in three annual installments, commencing 1/5/2006.
(4) 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.
(5) Option became exercisable in three annual installments, commencing 4/3/2007.
(6) Option became exercisable in three annual installments, commencing 4/2/2008.
(7) Option became exercisable in three annual installments, commencing 4/1/2009.
(8) Option became exercisable in three annual installments, commencing 4/1/2010.
(9) Option became exercisable in three annual installments, commencing 4/1/2011.
(10) Option becomes exercisable in four equal annual installments, commencing 4/1/2012.

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