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*
BERNICK HOWARD B
(Last) (First) (Middle)
C/O ALBERTO-CULVER COMPANY
2525 ARMITAGE AVENUE
(Street)
MELROSE PARK IL 60160
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALBERTO CULVER CO [ ACV ACVA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Pres.and Chief Exec Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2003
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 B Common Stock 482,562 I FN5(5)
Class B Common Stock 10/27/2003 M 52,000 A $21.375 617,973 D
Class B Common Stock 10/27/2003 M 112,000 A $19.844 729,973 D
Class B Common Stock 10/27/2003 M 112,000 A $24.9375 841,973 D
Class B Common Stock 10/27/2003 M 112,000 A $32.655 953,973 D
Class B Common Stock 10/27/2003 F 225,853 D $61.86 728,120 D
Class B Common Stock 10/27/2003 M 15,000 A $21.375 433,881 I FN13(13)
Class B Common Stock 10/27/2003 M 42,000 A $19.844 475,881 I FN13(13)
Class B Common Stock 10/27/2003 M 45,000 A $24.9375 520,881 I FN13(13)
Class B Common Stock 10/27/2003 M 45,000 A $32.655 565,881 I FN13(13)
Class B Common Stock 10/27/2003 F 86,009 D $61.86 479,872 I FN13(13)
Class B Common Stock 11,699 I FN8(8)
Class B Common Stock 8,455 I FN9(9)
Class B Common Stock 3,382,885 I FN4(4)
Class B Common Stock 1,026,982 I FN3(3)
Class B Common Stock 1,402,751 I FN14(14)
Class B Common Stock 1,190,270 I FN7(7)
Class B Common Stock 1,262,331 I FN2(2)
Class B Common Stock 100,200 I FN6(6)
Class B Common Stock 18,500 I FN10(10)
Class B Common Stock 41,040 I FN11(11)
Class B Common Stock 39,048 I FN1(1)
Class B Common Stock 26,536 I FN12(12)
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
Employee Stock Option (right to buy) $21.375 10/27/2003 M 52,000 09/30/2002 09/30/2008 Class B Common Stock 52,000 (19) 0 D
Employee Stock Option (right to buy) $19.844 10/27/2003 M 112,000 (15) 09/30/2009 Class B Common Stock 112,000 (19) 0 D
Employee Stock Option (right to buy) $24.9375 10/27/2003 M 112,000 (16) 09/30/2010 Class B Common Stock 112,000 (19) 56,000 D
Employee Stock Option (right to buy) $32.655 10/27/2003 M 112,000 (17) 09/30/2011 Class B Common Stock 112,000 (19) 112,000 D
Employee Stock Option (right to buy) $21.375 10/27/2003 M 15,000 09/30/2002 09/30/2008 Class B Common Stock 15,000 (19) 0 I FN18(18)
Employee Stock Option (right to buy) $19.844 10/27/2003 M 42,000 (15) 09/30/2009 Class B Common Stock 42,000 (19) 0 I FN18(18)
Employee Stock Option (right to buy) $24.9375 10/27/2003 M 45,000 (16) 09/30/2010 Class B Common Stock 45,000 (19) 22,500 I FN18(18)
Employee Stock Option (right to buy) $32.655 10/27/2003 M 45,000 (17) 09/30/2011 Class B Common Stock 45,000 (19) 45,000 I FN18(18)
Explanation of Responses:
1. Held by the undersigned's spouse as trustee of a trust dated 3/21/00 for the benefit of their son.***
2. Held by the undersigned's spouse as co-trustee of a trust dated 9/18/01 for her benefit.***
3. Held by the undersigned's spouse as trustee of a trust dated 10/31/98 for the benefit of her sister.***
4. Held by the undersigned's spouse as trustee of a trust dated 4/17/02 for her benefit.***
5. Held by the undersigned's spouse as co-trustee of a trust dated 9/15/93 for her benefit.***
6. Held by the undersigned's spouse as co-trustee of a trust dated 10/20/72 for her benefit.***
7. Held by the undersigned's spouse as co-trustee of a trust dated 12/18/87 for the benefit of her father.***
8. Held by the undersigned as a participant in the Alberto-Culver Company Employees' Profit Sharing Plan.
9. Held by the undersigned's spouse as a participant in the Alberto-Culver Company Employees' Profit Sharing Plan.***
10. Held by the undersigned as one of three co-trustees of a trust dated 7/7/97 for the benefit of their children.***
11. Held by the undersigned's spouse as trustee of a trust dated 3/7/99 for the benefit of their son.***
12. Held by the undersigned's spouse as trustee of a trust dated 3/25/03 for the benefit of their daughter.***
13. Held by the undersigned's spouse as trustee of a trust dated 4/23/93 for her benefit.***
14. Held by the undersigned's spouse as co-trustee of a trust dated 12/18/87 for the benefit of her mother.***
15. The Options vest in four equal annual installments beginning on September 30, 2000
16. The Options vest in four equal annual installments beginning on September 30, 2001.
17. The Options vest in four equal annual installments beginning on September 30, 2002.
18. Held directly by the undersigned's spouse.
19. On October 22, 2003, the Board of Directors of Alberto-Culver Company (the "Company") approved the conversion of all of the issued shares of Class A Common Stock on a one-share-for-one-share basis into Class B Common Stock in accordance with the terms of the Company's Certificate of Incorporation (the "Conversion"). The Conversion will become effective November 5, 2003. The options reported on this form were originally granted as options to purchase Class A Common Stock. Because the only condition remaining to complete the Conversion is the passage of time, all of the reported exercises have been reported as Class B Common Stock.
Remarks:
***The filing of this report shall not be deemed an admission by the undersigned that he is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934.
/Howard B. Bernick/ 10/28/2003
** 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).
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