X0303 4 2010-02-25 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 Chief Legal Officer, Secretary Long-Term Performance Unit 2010-02-25 4 A 0 60120 0.00 A 2011-12-31 Common Stock 60120 60120 D The Long-Term Performance Units (One Year Performance Cycle) ("Long Term Performance Units") were awarded under the King Pharmaceuticals, Inc. Incentive Plan (the "Incentive Plan"). Each Long-Term Performance Unit represents a contingent right to receive one share of King Pharmaceuticals, Inc. common stock. The number of Long-Term Performance Units awarded was based on the achievement of certain 2009 annual earnings per share targets established by the Compensation and Human Resources Committee under the Incentive Plan in early 2009. The Long-Term Performance Units vest in full on December 31, 2011, contingent upon the reporting person's continued employment by King Pharmaceuticals, Inc. as of that date. /s/ James W. Elrod 2010-03-01