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 *
Schefsky Lynn A
   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)
SVP, General Counsel and Sec.
(Last)
(First)
(Middle)
199 BENSON ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
01/31/2008
(Street)

MIDDLEBURY, CT US 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 01/31/2008   A(3)   1,995 A $ 6.515 13,539 D  
Common Stock 01/31/2008   A(4)   3,200 D $ 6.515 0 I Restricted Stock account: Merger Integration Grants
Common Stock               351 I By son
Common Stock               6,500 I Restricted Stock Account
Common Stock               14,800 I Restricted Stock Account 2007-2009 LTIP
Common Stock               13,300 I Restricted Stock Account II
Common Stock               10,769.809 I Savings Plan 401(K) Trust
Common Stock               8,930.56 I Supplemental Savings Plan
Common Stock               24,000 I Restricted Stock Account 2008-2010 LTIP
Common Stock 02/28/2008 02/28/2008 A(1)   24,000 A $ 8.71 24,000 I Restricted Stock Account 2008-2010 LTIP

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
NQ Stock Option (Right to Buy) $ 10.75             03/06/2007 04/05/2016 Common Stock 40,000   40,000 D  
NQ Stock Option (Right to Buy) $ 11.24             11/23/2005 12/22/2014 Common Stock 25,000   25,000 D  
NQ Stock Option (Right to Buy) $ 12.46             01/31/2007 02/29/2016 Common Stock 19,200   19,200 D  
NQ Stock Option (Right to Buy) $ 12.92             02/23/2006 03/22/2015 Common Stock 34,000   34,000 D  
NQ Stock Option (Right to Buy) $ 12.06             02/16/2008 02/16/2017 Common Stock 46,000   46,000 D  
NQ Stock Option (Right to Buy) $ 8.71 02/28/2008 02/28/2008 A(2)   72,000   02/28/2009 02/28/2018 Common Stock 72,000 $ 8.71 72,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Schefsky Lynn A
199 BENSON ROAD
MIDDLEBURY, CT US 06749		       SVP, General Counsel and Sec.  

Signatures

 Lynn A. Schefsky   03/03/2008
**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) These restricted shares (granted on 2/28/2008) will vest pursuant to the terms of the 2008-2010 Long-Term Incentive Program.
(2) These Options will vest in four (4) equal annual installments commencing on the exercisable date (column 6)
(3) Direct Holdings increased by 1995 shares transferred from the Restricted Stock Account (Merger Integration Grants).
(4) 3,200 shares were distributed to the reporting person from the Restricted Stock Account: Merger Integration Grants, of which 1205 shares were withheld to satisfy tax withholding requirements.

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