X0202 4 2007-02-26 0 0001047699 KING PHARMACEUTICALS INC KG 0001354792 Elrod James W C/O KING PHARMACEUTICALS, INC. 501 FIFTH STREET BRISTOL TN 37620 0 1 0 0 General Counsel and Corp. Sec. Long-Term Performance Unit 2007-02-26 4 A 0 12600 0.00 A 2008-12-31 Common Stock 12600 12600 D Each Long-Term Peformance Unit represents a contingent right to receive one share of King Pharmaceuticals, Inc. common stock. The number of Long-Term Performance Units depended on the achievement by King Pharmaceuticals, Inc. of certain 2006 financial objectives. The reporting person received notice on February 26, 2007 of the total number of Long-Term Performance Units awarded. The Long-Term Performance Units vest in full on December 31, 2008. /s/ James W. Elrod 2007-02-28