Ownership Submission
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Washington, D.C. 20549


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
OMB Number: 3235-0287
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  2. Issuer Name and Ticker or Trading Symbol
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Director
3. Date of Earliest Transaction (Month/Day/Year)

DUBLIN, OH 43017
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
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 Shares 01/07/2008   G V 5,992 D (1) 1,000,073 (2) D  
Common Shares 02/15/2008   M   312,500 (3) (4) (5) A $ 31.167 1,312,573 (3) (4) (5) D  
Common Shares 02/15/2008   D   312,500 (3) (4) (5) D $ 60.31 1,000,073 (3) (4) (5) D  
Common Shares 02/19/2008   M   135,000 (6) A $ 43.14 1,135,073 D  
Common Shares 02/19/2008   F   110,241 (6) D $ 61.27 1,024,832 D  
Common Shares               3,574 I By ESPP
Common Shares               199,349 I By GRAT IX
Common Shares               402,500 I By LLC (7)
Common Shares               413,340 I By GRAT X
Common Shares               255,000 I By LLC II (7)
Common Shares               562,445 I By GRAT XI
Common Shares               271,500 I By LLC III (7)
Common Shares               609,544 I By GRAT XII (2)
Common Shares               500,000 I By GRAT XIII

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
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) (8) $ 43.14 02/19/2008   M     1 08/11/2001 08/11/2008 Common Shares 135,000 $ 0 0 D  
Stock Appreciation Right (9) $ 31.167 02/15/2008   M     312,500 08/03/2005   (10) Common Shares 862,500 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DUBLIN, OH 43017
  X     Executive Director  


 Aneezal H. Mohamed, Attorney-in-fact   02/20/2008
**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) Bona fide gifts
(2) 118,671 of these shares were previously reported as indirectly beneficially owned through GRAT XII, and were subsequently transferred to direct beneficial ownership on December 5, 2007.
(3) As previously reported, a grant of 862,500 Deferred Payment Stock Appreciation Rights ("SAR") was made to the reporting person on August 3, 2005, at a grant price of $31.167 per share, as a result of the Company's discovery that a portion of a stock option that had been granted to him in November 1999 was in excess of that permitted to be granted to a single individual during any fiscal year under the Company's Equity Incentive Plan. The purpose of this SAR grant was to remedy the error described above and was contingent upon the reporting person's agreement that the portion of the 1999 option in excess of the share limitation would be cancelled. The agreement reflecting the SAR grant dated 08/03/2005 (the "Grant Agreement") was filed with the Securities and Exchange Commission as Exhibit 10.01 to the Company's Current Report on Form 8-K filed on August 5, 2005. [Cont. in Footnote 4]
(4) [Cont. from Footnote 3] On 6/4/2007, the reporting person exercised 550,000 of the 862,500 shares. As reflected on this Form 4, the reporting person has exercised the SAR as to the remaining 312,500 of the 862,500 shares. Pursuant to the terms of the Grant Agreement, the reporting person will be entitled to receive a cash payment equal to the product of (i) the excess of the last sale price of Company stock on the exercise date ($60.31) over the exercise price of $31.167, times (ii) the number of shares as to which the reporting person is exercising the SAR (312,500). No Company shares were actually bought or sold in connection with the SAR exercise. [Cont. in Footnote 5].
(5) [Cont. from Footnote 4] The proceeds of the SAR exercise will not be paid to the reporting person at exercise, but will be deferred pursuant to the terms of the Grant Agreement and Internal Revenue Code Section 409A and paid to the reporting person (with interest accrued from the exercise date at the prime rate), subject to certain exceptions, on the first business day that is at least six months following the termination of reporting person's employment with the Company by reason of a separation from service.
(6) The reporting person exercised 135,000 stock options granted on 8/11/1998 and delivered to the company 110,241 previously-owned mature shares as payment of the exercise price and taxes. The reporting person currently intends to hold all such 135,000 exercised shares.
(7) The reporting person holds the controlling interest in, and is the sole manager of, the LLC.
(8) Stock option granted pursuant to the Cardinal Health, Inc. Equity Incentive Plan.
(9) Deferred Payment Stock Appreciation Right granted to compensate the reporting person for the portion of the option to purchase 1,425,000 common shares originally granted to the reporting person on November 15, 1999 (the "November 1999 Option"), which portion has subsequently been determined to be null and void.
(10) Expires on the earlier of (x) November 15, 2009 (the expiration date of the November 1999 Option) or (y) six months after the reporting person's termination of employment.

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