Edgar Filing: CARDINAL HEALTH INC

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 ^*

WALTER MATTHEW D

2. Issuer Name and Ticker or Trading Symbol
CARDINAL HEALTH INC [CAH]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

5200 RINGS ROAD

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2007

(Street)

DUBLIN, OH 43017

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	11/13/2007		G	V	5,000	D	⁽¹⁾	89,159	D
Common Shares	11/14/2007		S		1,200	D	$ 60.71	996,463	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		900	D	$ 60.56	995,563	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.5	995,363	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.45	995,163	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		2,500	D	$ 60.42	992,663	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.25	992,463	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.24	992,263	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,500	D	$ 60.23	990,763	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		400	D	$ 60.22	990,363	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.21	990,163	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,800	D	$ 60.2	988,363	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		500	D	$ 60.19	987,863	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		200	D	$ 60.18	987,663	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		500	D	$ 60.16	987,163	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		700	D	$ 60.15	986,463	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,300	D	$ 60.14	985,163	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		700	D	$ 60.13	984,463	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,100	D	$ 60.12	983,363	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		4,100	D	$ 60.11	979,263	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		6,500	D	$ 60.1	972,763	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		100	D	$ 60.09	972,663	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,900	D	$ 60.08	970,763	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		1,100	D	$ 60.07	969,663	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares	11/14/2007		S		3,100	D	$ 60.06	966,563	I	By LLC ⁽²⁾ ⁽⁸⁾
Common Shares								43,878	I	By trusts FBO children
Common Shares								1,804	I	By spouse
Common Shares								34,502	I	By DGT Trust ⁽³⁾
Common Shares								17,103	I	By Matthew D. Walter Trust ⁽⁴⁾
Common Shares								78,614	I	By GRAT II

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option (right to buy) ⁽⁵⁾

$ 70.3

05/01/2002

05/01/2012

Common Shares

2,134

Option (right to buy) ⁽⁶⁾

$ 70.3

05/01/2002

05/01/2012

Common Shares

1,422

Option (right to buy) ⁽⁶⁾

$ 70.01

11/06/2002

11/06/2012

Common Shares

3,571

Option (right to buy) ⁽⁶⁾

$ 59

11/05/2003

11/05/2013

Common Shares

5,084

Option (right to buy) ⁽⁵⁾

$ 54.2

12/08/2004

12/08/2014

Common Shares

3,094

Option (right to buy) ⁽⁶⁾

$ 54.2

12/08/2004

12/08/2014

Common Shares

2,441

Option (right to buy) ⁽⁵⁾

$ 61.79

11/02/2006

11/02/2012

Common Shares

2,714

Option (right to buy) ⁽⁶⁾

$ 61.79

11/02/2006

11/02/2012

Common Shares

684

Option (right to buy) ⁽⁶⁾

$ 63.48

11/08/2007

11/08/2013

Common Shares

3,308

Option (right to buy) ⁽⁶⁾

$ 60.45

⁽⁷⁾

11/07/2014

Common Shares

3,868

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
WALTER MATTHEW D 5200 RINGS ROAD DUBLIN, OH 43017	X

Signatures

Aneezal H. Mohamed, Attorney-in-fact		11/16/2007
^**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)	Bona fide gift
(2)	Reporting person holds a one-third economic interest in, and is the manager of, the LLC.
(3)	Reporting person holds a one-third economic interest in, and is a co-trustee of, the DGT Trust.
(4)	Shares held in the MDW Trust of which the reporting person is the primary beneficiary and pursuant to which the reporting person may withdraw proceeds at certain specified times.
(5)	Stock option granted pursuant to the Cardinal Health, Inc. Amended and Restated Equity Incentive Plan, as amended.
(6)	Stock option granted pursuant to the Cardinal Health, Inc. Amended and Restated Outside Directors Equity Incentive Plan, as amended.
(7)	Stock option will become exercisable on November 7, 2008 except that if the Company's 2008 Annual Meeting is prior to November 7, 2008, then the stock option will vest on the date of the 2008 Annual Meeting.
(8)	The reporting person sold 90,000 shares on November 14, 2007, in various denominations at prices ranging from $60.71 to $59.71. The weighted-average share price of the respective transactions was $60.0137.
Remarks: This is the first of two Form 4's filed by the reporting person on the same date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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