This report deals with the chemistry of V−C functionalities anchored to a quasi-planar O4 matrix represented here by the [p-But-calix[4]-(OMe)2(O)2]2- macrocycle. The starting material [p-But-calix[4]-(OMe)2(O)2V−Cl], 2, has been converted into the corresponding alkyl and aryl derivatives [p-But-calix[4]-(OMe)2(O)2V−R] (R = Me, 3; R = CH2Ph, 4; R = p-MeC6H4, 5) by conventional procedures. The structure of 5 reveals the self-assembling of the monomeric unit into a columnar arrangement with the p-tolyl substituent functioning as a guest moiety in a neighboring unit. Complexes 3−5 undergo migratory insertion reactions with CO and ButNC to the corresponding η2-acyls [p-But-calix[4]-(OMe)2(O)2V(η2-COR)] (R = Me, 6; R = CH2Ph, 7) and η2-iminoacyls [p-But-calix[4]-(OMe)2(O)2V{η2-C(NBut)R}] (R = Me, 8; R = CH2Ph, 9; R = p-MeC6H4, 10), the reaction with CO being strongly dependent on the R substituent. The structural model for the hexacoordinate intermediate leading to the inserted product is exemplified by the d2 high-spin [p-But-calix[4]-(OMe)2(O)2V(Cl)(CNBut], 11, and proves the presence of four available orbitals at the metal for driving the reactivity in the [p-But-calix[4]-(OMe)2(O)2V] fragment. The bonding mode of the organic functionalities at the metal and the conversion of the alkyl substituent into the η2-acyl have been inspected by extended Hückel calculations. The oxidative demethylation of 3 and 5 by a controlled amount of iodine opened an interesting synthetic route to the corresponding vanadium(IV) organometallic derivatives [p-But-calix[4]-(OMe)(O)3V−X] (X = Cl, 12; X = p-MeC6H4, 13). A structural report on 2, 5, and 9 is included.