Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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 *
VAGNINI MICHAEL F
 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
_____ Officer (give title below) __X__ Other (specify below)
Former Sr. VP and Controller
(Last)
(First)
(Middle)

199 BENSON ROAD		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


MIDDLEBURY, CT 06749		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             49,455 D  
Common Stock 01/19/2007   A 113 A $ 0 319.5289 (1) I DRIP
Common Stock 01/19/2007   A 106 A $ 0 5,244 (2) I Restricted Stock Account
Common Stock             6,500 I Restricted Stock Account II
Common Stock 01/19/2007   A 146 A $ 0 7,235 (2) I Restricted Stock Account III
Common Stock             6,700 I Restricted Stock Account IV
Common Stock             6,800 I Restricted Stock Account: Merger Integration Grants
Common Stock 01/19/2007   A 53 A $ 0 4,823 (3) I Savings Plan (401k) Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
ISO Stock Option (Right to Buy) $ 5.85           10/20/2004 10/19/2013 Common Stock
6,188
  6,188
D
 
ISO Stock Option (Right to Buy) $ 6.38           01/21/2004 01/21/2013 Common Stock
24,310
  24,310
D
 
ISO Stock Option (Right to Buy) $ 7.25           10/22/2003 10/22/2012 Common Stock
12,868
  12,868
D
 
ISO Stock Option (Right to Buy) $ 7.92           10/23/2003 10/23/2011 Common Stock
10,000
  10,000
D
 
ISO Stock Option (Right to Buy) $ 8.343           10/19/2001 10/19/2009 Common Stock
9,527
  9,527
D
 
ISO Stock Option (Right to Buy) $ 14.3438           08/04/1999 10/14/2008 Common Stock
7,273
  7,273
D
 
ISO Stock Option (Right to Buy) $ 26.4063           08/04/1999 11/07/2007 Common Stock
5,000
  5,000
D
 
ISO Stock Option (Right to Buy) $ 16.875 01/19/2007   E(4)   5,000 08/04/1999 11/16/2006 Common Stock
5,000
$ 0 0
D
 
NQ Stock Option (Right to Buy) $ 5.85           10/20/2004 11/19/2013 Common Stock
13,812
  13,812
D
 
NQ Stock Option (Right to Buy) $ 6.38           01/21/2004 02/20/2013 Common Stock
5,690
  5,690
D
 
NQ Stock Option (Right to Buy) $ 7.25           10/22/2003 10/22/2012 Common Stock
7,132
  7,132
D
 
NQ Stock Option (Right to Buy) $ 7.92           10/23/2002 11/22/2011 Common Stock
10,000
  10,000
D
 
NQ Stock Option (Right to Buy) $ 8.1562           10/31/2001 11/30/2010 Common Stock
20,000
  20,000
D
 
NQ Stock Option (Right to Buy) $ 8.343           10/19/2000 11/19/2009 Common Stock
40,473
  40,473
D
 
NQ Stock Option (Right to Buy) $ 10.75           03/06/2007 04/05/2016 Common Stock
20,000
  20,000
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
20,400
  20,400
D
 
NQ Stock Option (Right to Buy) $ 12.92           02/23/2006 03/22/2015 Common Stock
21,000
  21,000
D
 
NQ Stock Option (Right to Buy) $ 14.3438           08/04/1999 11/14/2008 Common Stock
727
  727
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VAGNINI MICHAEL F
199 BENSON ROAD
MIDDLEBURY, CT 06749		       Former Sr. VP and Controller

Signatures

Michael F. Vagnini 01/22/2007
**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) These shares were acquired during the fiscal year through reinvestment of dividends paid of shares in this fund.
(3) These shares were acquired during the fiscal year through reinvestment of dividends paid on shares in the Registrant's Savings Plan (401K) Trust.
(1) These shares were acquired during the fiscal year through reinvestment of dividends paid on the shares in the Registrant's Dividend Reinvestment Plan.
(4) Expired by its term without exercise or payment.

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