Chad Therapeutics Inc - Annual Statement of Changes in Beneficial Ownership (5)

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

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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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Kern Tracy A	2. Issuer Name and Ticker or Trading Symbol CHAD THERAPEUTICS INC [CTU]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer
(Last) (First) (Middle) 21622 PLUMMER ST	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 3/31/2008
(Street) CHATSWORTH, CA 91311 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	4/30/2007	4/30/2007	A	127	A	$1.86	9816	I	401(k)
Common Shares	5/30/2007	5/30/2007	A	114	A	$2.07	9816	I	401(k)
Common Shares	6/30/2007	6/30/2007	A	150	A	$1.58	9816	I	401(k)
Common Shares	8/1/2007	8/1/2007	A	206	A	$1.14	9816	I	401(k)
Common Shares	8/31/2007	8/31/2007	A	243	A	$0.97	9816	I	401(k)
Common Shares	9/1/2007	9/1/2007	A	2	A	$1.03	9816	I	401(k)
Common Shares	10/1/2007	10/1/2007	A	294	A	$0.80	9816	I	401(k)
Common Shares	10/31/2007	10/31/2007	A	322	A	$0.73	9816	I	401(k)
Common Shares	11/30/2007	11/30/2007	A	366	A	$0.44	9816	I	401(k)
Common Shares	12/3/2007	12/3/2007	A	21	A	$0.44	9816	I	401(k)
Common Shares	12/26/2007	12/26/2007	A	547	A	$0.31	9816	I	401(k)
Common Shares	1/4/2008	1/4/2008	A	4	A	$0.44	9816	I	401(k)
Common Shares	2/1/2008	2/1/2008	A	308	A	$0.55	9816	I	401(k)
Common Shares	2/8/2008	2/8/2008	D	16	D	$0.40	9816	I	401(k)
Common Shares	3/8/2008	3/8/2008	A	439	A	$0.38	9816	I	401(k)
Common Shares	3/28/2008	3/8/2008	A	286	A	$0.46	9816	I	401(k)

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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 (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Kern Tracy A 21622 PLUMMER ST CHATSWORTH, CA 91311			Chief Financial Officer

Signatures
/s/ Tracy A. Kern		5/6/2008
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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