Sec Form 4 Filing - SCHLOTTERBECK DAVID L @ CARDINAL HEALTH INC - 2009-08-31

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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
SCHLOTTERBECK DAVID L
2. Issuer Name and Ticker or Trading Symbol
CARDINAL HEALTH INC [ CAH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Former Vice Chair & CEO CTS
(Last) (First) (Middle)
10221 WATERIDGE CIRCLE
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2009
(Street)
SAN DEIGO, CA92121
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 08/31/2009 D( 1 ) 17,282 D $ 0 61,523 D
Common Shares 375 I By Spouse
Common Shares 2,341 I By ESPP
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) $ 32.33 09/01/2009 A( 3 ) 1 ( 4 ) 08/23/2014 Common Shares 240,688 ( 2 ) 1 D
Option (right to buy) $ 48.58 09/01/2009 A( 3 ) 1 ( 5 ) 08/15/2013 Common Shares 11,290 ( 2 ) 1 D
Option (right to buy) $ 49.25 09/01/2009 A( 3 ) 1 ( 6 ) 08/15/2014 Common Shares 60,156 ( 2 ) 1 D
Option (right to buy) ( 1 ) 09/01/2009 D( 1 ) 1 ( 1 ) 08/15/2015 Common Shares 84,774 ( 1 ) 0 ( 1 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHLOTTERBECK DAVID L
10221 WATERIDGE CIRCLE
SAN DEIGO, CA92121
Former Vice Chair & CEO CTS
Signatures
/s/ Aneezal H. Mohamed, Attorney-in-fact 09/02/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the anti-dilution provisions of this grant, this award has been cancelled in conjunction with the Issuer's distribution of CareFusion Corp. The terms of this cancellation were approved by the Issuer's Human Resources and Compensation Committee.
( 2 )Granted without payment by grantee.
( 3 )Pursuant to the anti-dilution provisions of this grant, the number of shares subject to it (and for options, the exercise) was adjusted in conjunction with the Issuer's spin-off of CareFusion. The terms of this adjustment were approved by the Issuer's Human Resources and Compensation Committee.
( 4 )These options are fully exercisable.
( 5 )Three-quarters of these options are currently exercisable and one-quarter will vest on 8/15/2010.
( 6 )Two-thirds of these options are currently exercisable and one-third will vest on 8/15/2010.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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