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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1. Name and Address of Reporting Person * WOOD ROBERT L   2. Issuer Name and Ticker or Trading Symbol Chemtura CORP [CEM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) 199 BENSON ROAD 3. Date of Earliest Transaction (Month/Day/Year) 02/01/2007 (Street) MIDDLEBURY, CT 06749 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 02/01/2007   J(1)   3,400 D $ 0 306,678 D   Common Stock 02/02/2007   J(2)   24,197 A $ 11.675 330,875 D   Common Stock 02/02/2007   J(3)   41,335 D $ 11.675 62,011 I Restricted Stock Account III Common Stock               110,000 I Restricted Stock Account IV Common Stock               2,294 I Savings Plan (401K) Trust Common Stock               12,459 I Supplemental Savings Plan

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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

NQ Rights Option

$ 12.92

02/23/2006

03/22/2015

Common Stock

300,000

300,000

D

NQ Stock Option (Right to Buy)

$ 7.64

01/20/2005

02/19/2014

Common Stock

500,000

500,000

D

NQ Stock Option (Right to Buy)

$ 10.75

03/06/2007

04/05/2016

Common Stock

550,000

550,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WOOD ROBERT L 199 BENSON ROAD MIDDLEBURY, CT 06749			President and CEO

Signatures

Robert L. Wood		02/02/2007
**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).
(2)	Direct holdings increased by 24,197 shares transferred from Restricted Stock Account III.
(1)	In a Form 4 filing for the reporting person on January 23, 2007, it was indicated that an aggregate of 138,092 shares were distributed to the reporting person from two restricted stock accounts, of which 43,795 shares were withheld to satisfy tax withholding requirements and direct holdings were increased by 94,297 shares. The tax calculation was incorrect in that it understated the number of shares required to be withheld to satisfy tax withholding requirements and therefore overstated the number of shares being transferred into the direct holdings column. Accordingly, the correct information is as follows: An aggregate of 138,092 shares were distributed to the reporting person from two restricted stock accounts, of which 47,195 shares are being withheld to satisfy tax withholding requirements and direct holdings are being increased by 90,897 shares. Therefore, the direct holdings column is being reduced by 3,400 shares (94,297 shares -- 90,897 shares).
(3)	41,335 shares were distributed to the reporting person in connection with the 2005-2007 Long Term Incentive Plan from Restricted Stock Account III, of which 17,138 shares were withheld to satisfy tax withholding requirements.

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