SEC FORM 4

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

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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

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)
09/18/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/18/2008		J⁽³⁾	V	233,663	D	$0	538,299⁽¹⁾⁽⁷⁾⁽⁸⁾	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class A Common Stock	09/18/2008		J⁽⁴⁾	V	46,800	D	$0	491,499⁽¹⁾⁽⁷⁾⁽⁸⁾	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class A Common Stock	09/18/2008		J⁽⁵⁾	V	46,800	A	$0	165,547⁽²⁾⁽⁸⁾⁽⁹⁾	D
Class B Common Stock	09/18/2008		J⁽⁴⁾	V	186,863	D	$0	365,262⁽¹⁾⁽¹⁰⁾⁽¹¹⁾	I	Deemed indirect beneficial owner because of status as a co-trustee and co-benef. of a family trust
Class B Common Stock	09/18/2008		J⁽⁶⁾	V	186,863	A	$0	1,503,406⁽²⁾⁽¹¹⁾⁽¹²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 A Common Stock are owned directly by the reporting person.

3. Distribution to beneficiary of Trust without consideration.

4. Distribution to beneficiary of Trust, the reporting person, without consideration.

5. Acquisition of Class A Common Stock from the Minnette Hermelin Trust, by the reporting person, a beneficiary of such trust, without consideration.

6. Acquisition of Class B Common Stock from the Minnette Hermelin Trust, by the reporting person, a beneficiary of such trust, without consideration.

7. Does not include (a) 956,036 shares of Class A Common Stock which are held in one trust, of which the reporting person is one of three trustees, under Trust Agreement dated 12/22/73 fbo Marc S. Hermelin, under which the reporting person is the primary beneficiary (the Marc Hermelin Trust); and (b) 165,547 shares of Class A Common Stock owned directly by the reporting person.

8. Does not include 2,126,921 shares of Class A Common Stock which are held in two trusts, in each of which the reporting person is deemed to have indirect beneficial ownership solely because the beneficiary is a sibling of the trustee, including (i) Trust under Trust Agreement dated 12/22/73 fbo Arnold Hermelin, of which the reporting person is one of three trustees (the Arnold Hermelin Trust); and (ii) Trust under Trust Agreement dated 12/22/73 fbo Anne Kirschner, of which the reporting person is one of two trustees (the Anne Kirschner Trust).

9. Does not include 1,447,535 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 Hermelin Trust; and (ii) the Minnette Hermelin Trust.

10. Does not include 1,771,293 shares of Class B Common Stock which are held in the Marc Hermelin Trust; and (b) 1,503,406 shares of Class B Common Stock owned directly by the reporting person.

11. Does not include 4,480,354 shares of Class B Common Stock which are held in two trusts, in each of which the reporting person is deemed to have indirect beneficial ownership solely because the beneficiary is a sibling of the trustee, including (i) the Arnold Hermelin Trust; and (ii) the Anne Kirschner Trust.

12. Does not include 2,136,555 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 Hermelin Trust; and (ii) the Minnette Hermelin Trust.

Remarks:

	/s/ Marc S. Hermelin	09/22/2008
	** 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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