UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 03/31/2012
Check here if Amendment [_]; Amendment Number: ______
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
Name: The Dow Chemical Company
Address: 2030 Dow Center
Midland, MI 48764
Form 13F File Number: 28-00590
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
Name: Ronald C. Edmonds
Title: Vice President & Controller
Phone: 989-636-5018
SIGNATURE, PLACE, AND DATE OF SIGNING:
Ronald C. Edmonds Midland, MI May 4, 2012
------------------- ------------- -----------
(Signature) (City, State) (Date)
REPORT TYPE (CHECK ONE ONLY):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 76
Form 13F Information Table Value Total: $1,098,561
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
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Page 1 of 1
For Period Ending: 3/31/2012
FORM 13F
Name of Reporting Manager: The Dow Chemical Company
ITEM 6:
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: INVESTMENT DISCRETION ITEM 7: ITEM 8:
---------------------
FAIR (B) VOTING AUTHORITY
MARKET SHARED (C) ---------------------
CUSIP VALUE SH/ CALL/ (A) AS SHARED- (B) (C)
NAME OF ISSUER TITLE OF CLASS NUMBER IN (000'S) SHARES PRN PUT SOLE DEFINED OTHER MANAGERS (A) SOLE SHARED NONE
------------------- ---------------- ----------- ---------- --------- ---- ----- ---- ------- ------- -------- --------- ------ ----
SPDR S&P 500 ETF TR TR UNIT 78462F 10 3 342,483 2,433,856 SH Sole 2,433,856
ISHARES TR MSCI EMERG MKT 464287 23 4 281,223 6,549,218 SH Sole 6,549,218
ISHARES TR S&P 500 INDEX 464287 20 0 63,461 449,412 SH Sole 449,412
SELECT SECTOR SPDR
TR SBI INT-FINL 81369Y 60 5 32,538 2,062,003 SH Sole 2,062,003
SPDR DOW JONES INDL
AVRG ETF UT SER 1 78467X 10 9 31,037 235,500 SH Sole 235,500
VANGUARD INTL
EQUITY INDEX F MSCI EMR MKT ETF 922042 85 8 28,300 651,022 SH Sole 651,022
SELECT SECTOR SPDR
TR SBI INT-UTILS 81369Y 88 6 27,940 797,134 SH Sole 797,134
VANGUARD INDEX FDS LARGE CAP ETF 922908 63 7 27,705 430,000 SH Sole 430,000
SELECT SECTOR SPDR
TR SBI INT-INDS 81369Y 70 4 25,001 668,107 SH Sole 668,107
SELECT SECTOR SPDR
TR SBI CONS STPLS 81369Y 30 8 16,968 497,876 SH Sole 497,876
PROCTER & GAMBLE CO COM 742718 10 9 11,285 167,900 SH Sole 167,900
CISCO SYS INC COM 17275R 10 2 10,389 491,200 SH Sole 491,200
MICROSOFT CORP COM 594918 10 4 9,091 281,900 SH Sole 281,900
ISHARES TR S&P 100 IDX FD 464287 10 1 8,998 140,500 SH Sole 140,500
SELECT SECTOR SPDR
TR SBI HEALTHCARE 81369Y 20 9 8,808 234,321 SH Sole 234,321
JUNIPER NETWORKS
INC COM 48203R 10 4 7,916 346,000 SH Sole 346,000
NETAPP INC COM 64110D 10 4 7,853 175,400 SH Sole 175,400
GENERAL MTRS CO COM 37045V 10 0 6,977 272,000 SH Sole 272,000
CORNING INC COM 219350 10 5 6,329 449,480 SH Sole 449,480
SELECT SECTOR SPDR
TR SBI INT-ENERGY 81369Y 50 6 5,951 82,963 SH Sole 82,963
MARVELL TECHNOLOGY
GROUP LTD ORD G5876H 10 5 5,889 374,400 SH Sole 374,400
SYMANTEC CORP COM 871503 10 8 5,857 313,200 SH Sole 313,200
ABERCROMBIE & FITCH
CO CL A 002896 20 7 5,755 116,000 SH Sole 116,000
AT&T INC COM 00206R 10 2 5,621 180,000 SH Sole 180,000
AMAZON COM INC COM 023135 10 6 5,468 27,000 SH Sole 27,000
BANK OF AMERICA
CORPORATION COM 060505 10 4 5,431 567,500 SH Sole 567,500
BROADCOM CORP CL A 111320 10 7 5,266 134,000 SH Sole 134,000
MERCK & CO INC NEW COM 58933Y 10 5 5,011 130,500 SH Sole 130,500
SELECT SECTOR SPDR
TR SBI CONS DISCR 81369Y 40 7 4,998 110,827 SH Sole 110,827
BOSTON SCIENTIFIC
CORP COM 101137 10 7 4,963 830,000 SH Sole 830,000
NOKIA CORP SPONSORED ADR 654902 20 4 4,261 776,200 SH Sole 776,200
AMGEN INC COM 031162 10 0 4,032 59,300 SH Sole 59,300
HARTFORD FINL SVCS
GROUP INC COM 416515 10 4 4,005 190,000 SH Sole 190,000
BAKER HUGHES INC COM 057224 10 7 3,984 95,000 SH Sole 95,000
KRAFT FOODS INC CL A 50075N 10 4 3,953 104,000 SH Sole 104,000
ENSCO PLC SPONSORED ADR 29358Q 10 9 3,811 72,000 SH Sole 72,000
ABBOTT LABS COM 002824 10 0 3,769 61,500 SH Sole 61,500
NVIDIA CORP COM 67066G 10 4 3,678 239,000 SH Sole 239,000
JOHNSON CTLS INC COM 478366 10 7 3,654 112,500 SH Sole 112,500
AKAMAI TECHNOLOGIES
INC COM 00971T 10 1 3,270 89,090 SH Sole 89,090
HALLIBURTON CO COM 406216 10 1 3,253 98,000 SH Sole 98,000
GOOGLE INC CL A 38259P 50 8 3,206 5,000 SH Sole 5,000
SELECT SECTOR SPDR
TR TECHNOLOGY 81369Y 80 3 3,126 103,682 SH Sole 103,682
BAXTER INTL INC COM 071813 10 9 2,989 50,000 SH Sole 50,000
UNITED STATES STL
CORP NEW COM 912909 10 8 2,832 96,431 SH Sole 96,431
MOTOROLA SOLUTIONS
INC COM NEW 620076 30 7 2,614 51,428 SH Sole 51,428
PETROLEO BRASILEIRO
SA PETRO SPONSORED ADR 71654V 40 8 2,603 98,000 SH Sole 98,000
CITIGROUP INC COM NEW 172967 42 4 2,559 70,000 SH Sole 70,000
MOSAIC CO NEW COM 61945C 10 3 2,405 43,500 SH Sole 43,500
NABORS INDUSTRIES
LTD SHS G6359F 10 3 2,221 127,000 SH Sole 127,000
GOLDMAN SACHS GROUP
INC COM 38141G 10 4 2,114 17,000 SH Sole 17,000
ELECTRONIC ARTS INC COM 285512 10 9 2,060 125,000 SH Sole 125,000
ENTROPIC
COMMUNICATIONS
INC COM 29384R 10 5 1,787 306,444 SH Sole 306,444
ARCH COAL INC COM 039380 10 0 1,703 159,040 SH Sole 159,040
GILEAD SCIENCES INC COM 375558 10 3 1,641 33,600 SH Sole 33,600
MOLSON COORS
BREWING CO CL B 60871R 20 9 1,584 35,000 SH Sole 35,000
INGERSOLL-RAND PLC SHS G47791 10 1 1,411 34,127 SH Sole 34,127
GOODYEAR TIRE &
RUBR CO COM 382550 10 1 1,122 100,000 SH Sole 100,000
NYSE EURONEXT COM 629491 10 1 812 27,063 SH Sole 27,063
AETNA INC NEW COM 00817Y 10 8 752 15,000 SH Sole 15,000
NORTHERN TR CORP COM 665859 10 4 475 10,000 SH Sole 10,000
STATE STR CORP COM 857477 10 3 455 10,000 SH Sole 10,000
INSULET CORP COM 45784P 10 1 390 20,375 SH Sole 20,375
WEATHERFORD
INTERNATIONAL LT REG SHS H27013 10 3 302 20,000 SH Sole 20,000
NEUROGESX INC COM 641252 10 1 234 459,032 SH Sole 459,032
GOLDMAN SACHS GROUP
INC CALL 38141G 90 4 165 44,000 SH Call Sole 44,000
BANK OF AMERICA
CORPORATION CALL 060505 90 4 124 100,000 SH Call Sole 100,000
AMICUS THERAPEUTICS
INC COM 03152W 10 9 117 22,162 SH Sole 22,162
UNITED STATES STL
CORP NEW CALL 912909 90 8 55 30,000 SH Call Sole 30,000
MOLSON COORS
BREWING CO CALL 60871R 90 9 50 55,000 SH Call Sole 55,000
ALEXZA
PHARMACEUTICALS
INC COM 015384 10 0 43 69,246 SH Sole 69,246
ELECTRONIC ARTS INC COM 285512 10 9 43 50,000 SH Sole 50,000
CYCLACEL
PHARMACEUTICALS
INC COM 23254L 10 8 22 32,015 SH Sole 32,015
MOLSON COORS
BREWING CO PUT 60871R 95 9 18 25,000 SH Put Sole 25,000
ABERCROMBIE & FITCH
CO CALL 002896 90 7 15 10,000 SH Call Sole 10,000
TESLA MTRS INC COM 88160R 10 1 330 8,850 SH Sole 8,850
GRAND TOTAL 1,098,561