SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* Stamps Jeffrey M (Last) (First) (Middle) 8332 RED LION FIVE POINTS RD. (Street) SPRINGBORO OH 45066 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/25/2007	3. Issuer Name and Ticker or Trading Symbol OMNICARE INC [ NYSE: OCR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	62,132(1)	D
Common Stock	1,000	I	Shares were held in Savings & Investment Plan and ESOP as of 3/31/2007.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	(2)	08/05/2008	Common Stock	20,000	$36.72	D
Option (Right to Buy)	(3)	11/07/2011	Common Stock	7,500	$19.83	D
Option (Right to Buy)	(4)	05/20/2012	Common Stock	7,500	$27.02	D
Option (Right to Buy)	(5)	12/30/2013	Common Stock	18,248	$41.62	D
Option (Right to Buy)	(6)	11/02/2015	Common Stock	12,236	$54.75	D
Option (Right to Buy)	(7)	12/19/2016	Common Stock	25,000	$40.06	D

Explanation of Responses:

1. Includes 2052 shares in the Dividend Reinvestment Account.

2. Company Plan: Option granted on August 5, 1998 and vested ratably over 4 years on anniversary of grant date.

3. Company Plan: Option granted on November 7, 2001 and vested ratably over 4 years on anniversary of grant date.

4. Company Plan: Option granted on May 20, 2002 and vested ratably over 4 years on anniversary of grant date.

5. Company Plan: Options granted on December 30, 2003 and vested in full on November 30, 2004 but are exercisable ratably over 4 years after the date of grant.

6. Company Plan: Options granted on November 3, 2005 and vested in full on December 15, 2005 but have sale restrictions that lapse ratably over 4 years after date of grant.

7. Company Plan: Options granted on December 20, 2006 vest ratably over 4 years on anniversary of grant date.

Remarks:

	/s/ by Thomas Marsh, attorney-in-fact for Jeffrey M. Stamps pursuant to the Power of Attorney filed herewith.	06/06/2007
	** 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 5 (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).
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