Sec Form 4 Filing - KELLY THOMAS H @ SCHERING PLOUGH CORP - 2004-06-09

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 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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1. Name and Address of Reporting Person KELLY THOMAS H 2. Issuer Name and Ticker or Trading Symbol SCHERING PLOUGH CORP [ SGP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Vice President and Controller (Last) (First) (Middle) SCHERING-PLOUGH CORPORATION, 2000 GALLOPING HILL ROAD 3. Date of Earliest Transaction (MM/DD/YY) 06/09/2004 (Street) KENILWORTH, NJ07033 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Shares 34,786 ( 1 ) ( 2 ) D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Deferred Stock Unit Award $ 0 ( 3 ) ( 4 ) ( 5 ) Common Shares 39,200 39,200 D Option (right to buy) $ 38.13 ( 6 ) 02/22/2008 Common Shares 31,200 31,200 D Option (right to buy) $ 53.06 ( 6 ) 02/21/2009 Common Shares 22,600 22,600 D Option (right to buy) $ 37.75 ( 6 ) 02/21/2010 Common Shares 22,600 22,600 D Option (right to buy) $ 45.04 ( 7 ) 09/24/2010 Common Shares 115,000 115,000 D Option (right to buy) $ 40.05 ( 6 ) 02/25/2011 Common Shares 34,500 34,500 D Option (right to buy) $ 34.68 ( 6 ) 02/24/2012 Common Shares 34,500 34,500 D Option (right to buy) $ 17.85 ( 8 ) 02/23/2013 Common Shares 24,600 24,600 D Option (right to buy) $ 17.85 02/25/2004 02/23/2013 Common Shares 34,500 34,500 D Option (Right to Buy) $ 18.2 ( 9 ) 02/22/2014 Common Shares 50,000 50,000 D Phantom Stock Units $ 0 ( 10 ) ( 11 ) ( 11 ) Common Shares 28,145.73 28,145.73 ( 12 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KELLY THOMAS H SCHERING-PLOUGH CORPORATION 2000 GALLOPING HILL ROAD KENILWORTH, NJ07033 Vice President and Controller Signatures /s/ Kelly, Thomas H. 06/09/2004 Signature of Reporting Person Date

Explanation of Responses:

( 1 )No change since last filing. ( 2 )The Reporting Person is no longer subject to Section 16 due to a corporate reorganization. ( 3 )Not Applicable. ( 4 )Granted under the Stock Incentive Plans. 27,200 of theses awards vest and are distributed in twenty-percent increments from 2005 to 2008, in accordance with the Plans. The remaining 12,000 vest and are 100% distributable on February 23, 2007. ( 5 )Not Applicable. ( 6 )These options are currently exercisable. ( 7 )Options were granted on September 25, 2000 and are exercisable in one-third inc rements on September 26 of each 2003, 2004 and 2005. ( 8 )Options were granted on February 24, 2003 and are exercisable in one-third increments on February 25 of each 2004, 2005 and 2006. ( 9 )Granted under the Schering-Plough Corporation 2002 Stock Incentive Plan, exercisable in one-third increments on February 24 of each 2005, 2006 and 2007. ( 10 )1 for 1 ( 11 )Grant under the Long-Term Performance Share Unit Incentive Plan. Vested shares of phantom stock become payable in cash upon the reporting person's termination of service as an employee of the Issuer. ( 12 )Includes 179.73 shares acquired pursuant to a dividend reinvestment feature of the Long-Term Performance Share Unit Incentive Plan, through May 26, 2004. Vested shares of phantom stock become payable in cash upon the reporting person's termination of service as an employee of the Issuer.

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

* 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).

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