X0201 42003-08-27 0000353827 PHARMACEUTICAL FORMULATIONS INC PHFR 0001248120 JACOFF GUSTAVE STEVE C/O PHARMACEUTICAL FORMULATIONS INC. POB 460 PLAINFIELD EDISON NJ 08818 1000Common Stock, $.08 p.v.2003-08-274M010000.15A20000IBy trustCommon Stock, $.08 p.v.2003-08-274M010000.13A30000IBy trustDirector stock option (right to buy).152003-08-274M0100000D2001-10-232006-10-22Common Stock100000DDirector stock option (right to buy).132003-08-274M0100000D2002-12-132007-12-12Common Stock100000Dthrough trust of which reporting person is a trustee. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.Gustav Jacoff2003-09-18