SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HERMELIN MARC S (Last) (First) (Middle) 2503 S. HANLEY ROAD (Street) ST. LOUIS MO 63144 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol KV PHARMACEUTICAL CO /DE/ [ KVA / KVB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman & CEO
	3. Date of Earliest Transaction (Month/Day/Year) 07/16/2008
	4. If Amendment, Date of 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
Class A Common Stock	07/16/2008		J(9)		400,000	A	$0	701,462(1)(10)(12)	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class B Common Stock	07/16/2008		J(22)		400,000	D	$0	622,625(2)(11)(13)	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class A Common Stock	07/16/2008		J(23)		133,333	D	$0	979,536(3)(12)(14)	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class B Common Stock	07/16/2008		J(24)		133,333	A	$0	1,747,793(4)(13)(15)	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class A Common Stock	07/16/2008		J(25)		133,333	D	$0	1,101,971(5)(16)(18)	I	Deemed indirect beneficial owner as trustee solely because beneficiary is a sibling.
Class B Common Stock	07/16/2008		J(26)		133,333	A	$0	2,210,645(6)(17)(19)	I	Deemed indirect beneficial owner as trustee solely because beneficiary is a sibling.
Class A Common Stock	07/16/2008		J(27)		133,334	D	$0	1,078,950(7)(16)(20)	I	Deemed indirect beneficial owner as trustee solely because beneficiary is a sibling.
Class B Common Stock	07/16/2008		J(28)		133,334	A	$0	2,215,709(8)(17)(21)	I	Deemed indirect beneficial owner as trustee solely because beneficiary is a sibling.

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Such shares of Class A Common Stock are held in one trust, of which the reporting person is a beneficiary, as well as, one of three trustees, under Trust Agreement dated 12/23/73 fbo Minnette Hermelin, mother of reporting person (the ?Minnette Hermelin Trust?).

2. Such shares of Class B Common Stock are held in the Minnette Hermelin Trust.

3. Such shares of Class A Common Stock are held in Trust under Trust Agreement dated 12/23/73 fbo Marc S. Hermelin, under which the reporting person is the primary beneficiary and one of three trustees (the ?Marc S. Hermelin Trust?).

4. Such shares of Class B Common Stock are held in the Marc S. Hermelin Trust.

5. Such shares of Class A Common Stock are held in one trust, of which the reporting person is one of three trustees, under Trust Agreement dated 12/22/1973 fbo Anne S. Kirschner, sister of reporting person (the ?Anne S. Kirschner Trust?).

6. Such shares of Class B Common Stock are held in the Anne S. Kirschner Trust.

7. Such shares of Class A Common Stock are held in one trust, of which the reporting person is one of three trustees, under Trust Agreement dated 12/22/1973 fbo Arnold Hermelin, brother of reporting person (the ?Arnold Hermelin Trust?).

8. Such shares of Class B Common Stock are held in the Arnold Hermelin Trust.

9. Acquisition by the Minnette Hermelin Trust of Class A Common Stock in exchange for a like amount of shares of Class B Common Stock from, collectively, the Marc S. Hermelin Trust, the Anne S. Kirschner Trust and the Arnold Hermelin Trust.

10. Does not include (a) 979,536 shares of Class A Common Stock which are held in the Marc S. Hermelin Trust; and (b) 118,677 shares of Class A Common Stock owned directly by the reporting person.

11. Does not include (a) 1,747,793 shares of Class B Common Stock which are held in the Marc S. Hermelin Trust; and (b) 1,316,613 shares of Class B Common Stock owned directly by the reporting person.

12. Does not include (a) 2,180,921 shares of Class A Common Stock which are held in two trusts, including (i) the Arnold Hermelin Trust and (ii) the Anne S. Kirschner Trust.

13. Does not include (a) 4,426,354 shares of Class B Common Stock which are held in two trusts, including (i) the Arnold Hermelin Trust and (ii) the Anne S. Kirschner Trust.

14. Does not include (a) 701,462 shares of Class A Common Stock which are held in the Minnette Hermelin Trust; and (b) 118,677 shares of Class A Common Stock owned directly by the reporting person.

15. Does not include (a) 622,625 shares of Class B Common Stock which are held in the Minnette Hermelin Trust; and (b) 1,316,613 shares of Class B Common Stock owned directly by the reporting person.

16. Does not include: (a) 1,680,998 shares of Class A Common Stock which are held in two trusts, in each of which the reporting person is one of three trustees, including (i) the Marc S. Hermelin Trust; and (ii) the Minnette Hermelin Trust; and (b) 118,677 shares of Class A Common Stock owned directly by the reporting person.

17. Does not include: (a) 2,370,418 shares of Class B Common Stock which are held in two trusts, in each of which the reporting person is one of three trustees, including (i) the Marc S. Hermelin Trust; and (ii) the Minnette Hermelin Trust; and (b) 1,316,613 shares of Class B Common Stock owned directly by the reporting person.

18. Does not include 1,078,950 shares of Class A Common Stock which are held in the Arnold Hermelin Trust.

19. Does not include 2,215,709 shares of Class B Common Stock which are held in the Arnold Hermelin Trust.

20. Does not include 1,101,971 shares of Class A Common Stock which are held in the Anne S. Kirschner Trust.

21. Does not include 2,210,645 shares of Class B Common Stock which are held in the Anne S. Kirschner Trust.

22. Disposition by the Minnette Hermelin Trust of Class B Common Stock in exchange for a like amount of shares of Class A Common Stock from, collectively, the Marc S. Hermelin Trust, the Anne S. Kirschner Trust and the Arnold Hermelin Trust.

23. Disposition by the Marc S. Hermelin Trust of Class A Common Stock in exchange for a like amount of shares of Class B Common Stock from the Minnette Hermelin Trust.

24. Acquisition by the Marc S. Hermelin Trust of Class B Common Stock in exchange for a like amount of shares of Class A Common Stock from the Minnette Hermelin Trust.

25. Disposition by the Anne S. Kirschner Trust of Class A Common Stock in exchange for a like amount of shares of Class B Common Stock from the Minnette Hermelin Trust.

26. Acquisition by the Anne S. Kirschner Trust of Class B Common Stock in exchange for a like amount of shares of Class A Common Stock from the Minnette Hermelin Trust.

27. Disposition by the Arnold Hermelin Trust of Class A Common Stock in exchange for a like amount of shares of Class B Common Stock from the Minnette Hermelin Trust.

28. Acquisition by the Arnold Hermelin Trust of Class B Common Stock in exchange for a like amount of shares of Class A Common Stock from the Minnette Hermelin Trust.

Remarks:

	Marc S. Hermelin, Trustee	07/18/2008
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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