Sec Form 4 Filing - MCCOY JOHN B @ CARDINAL HEALTH INC - 2008-11-05

Insider filing report for Changes in Beneficial Ownership
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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
MCCOY JOHN B
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)
191 W. NATIONWIDE BLVD., SUITE 625
3. Date of Earliest Transaction (MM/DD/YY)
11/05/2008
(Street)
COLUMBUS, OH43215
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 11/05/2008 A 1,068 ( 1 ) A $ 39.33 ( 2 ) 2,721 D
Common Shares 19,407 I By FLITE Trust
Common Shares 6,436 I By trust FBO his son
Common Shares 9,488 I By 9-1-06 GRAT ( 3 )
Common Shares 12,278 I By 12-5-06 GRAT ( 4 )
Common Shares 18,334 I By 11-5-07 GRAT ( 5 )
Common Shares 15,703 I By 12-19-07 GRAT ( 6 )
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
Option (right to buy) ( 7 ) $ 39.33 11/05/2008 A 1 ( 8 ) 11/05/2015 Common Shares 7,177 ( 9 ) 1 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCCOY JOHN B
191 W. NATIONWIDE BLVD.
SUITE 625
COLUMBUS, OH43215
X
Signatures
Aneezal H. Mohamed, Attorney-in-fact 11/06/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted share unit award vests on November 5, 2009 except if the Company's 2009 Annual Meeting of Shareholders (the "2009 Annual Meeting") is prior to November 5, 2009, then the restricted share unit award will vest on the date of the 2009 Annual Meeting.
( 2 )Restricted share unit award granted under the Cardinal Health, Inc. 2007 Nonemployee Directors Equity Incentive Plan ("NDEIP"). Award granted without payment by grantee.
( 3 )John B. McCoy 9-1-06 Grantor Retained Annuity Trust, John B. McCoy Trustee ("9-1-06 GRAT") established on 9/1/06.
( 4 )John B. McCoy 12-5-06 Grantor Retained Annuity Trust, John B. McCoy Trustee ("12-5-06 GRAT") established on 12/5/06.
( 5 )John B. McCoy 11-5-07 Grantor Retained Annuity Trust, John B. McCoy Trustee ("11-5-07 GRAT") was funded on or about November 5, 2007 with 8,637 shares transferred from the 10-18-05 GRAT (with no more shares remaining in the 10-18-05 GRAT), and 9,697 shares from the 9-1-06 GRAT.
( 6 )John B. McCoy 12-19-07 Grantor Retained Annuity Trust, John B. McCoy Trustee ("12-19-07 GRAT") was funded on December 20, 2007 with 15, 703 shares transferred from the GRAT established on 12/5/06.
( 7 )Stock option granted pursuant to the NDEIP.
( 8 )Stock option will become exercisable on November 5, 2009 except if the 2009 Annual Meeting is prior to November 5, 2009, then the stock option will become exercisable on the date of the 2009 Annual Meeting.
( 9 )Stock option granted without payment by grantee.

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