X0202 4 2006-12-31 0 0000057055 KV PHARMACEUTICAL CO /DE/ KVA / KVB 0001287287 CHIBNALL RICHARD H 5013 SOUTHRIDGE PARK DRIVE ST. LOUIS MO 63129 0 1 0 0 Vice President/Finance Option to Purchase 3.45 2006-12-31 4 D 0 3375 D 2007-01-02 Class A Common 0 D Option to Purchase 4.89 2006-12-31 4 A 0 3375 A 2007-01-02 Class A Common Stock 0 D Option to Purchase 22.25 2006-12-31 4 D 0 9000 D 2014-05-21 Class A Common Stock 9000 0 D Option to Purchase 23.09 2006-12-31 4 A 0 9000 A 2014-05-21 Class A Common Stock 9000 9000 D Option to Purchase 22.25 2007-10-11 4 D 0 1000 D 2014-05-21 Class A Common Stock 1000 0 D Option to Purchase 23.09 2007-10-11 4 A 0 1000 A 2014-05-21 Class A Common Stock 1000 1000 D Option to Purchase 16.79 2007-10-11 4 D 0 25000 D 2015-11-01 Class A Common Stock 25000 0 D Option to Purchase 19.99 2007-10-11 4 A 0 25000 A 2015-11-01 Class A Common Stock 25000 25000 D These two reported transactions involve an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option period. The Option was originally granted on January 2, 1997 and provides for a vesting of 10% on date of grant and in 10% increments on each anniversary date thereafter. As reported on a Form 4 filed January 3, 2007 (and amended on a Form 4/A filed January 5, 2007), on January 2, 2007, Mr. Chibnall exercised his option to purchase 3,375 of Class A Common Stock at the replacement option price of $4.89 per share. These two reported transactions involve an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option period. The Option was originally granted on May 21, 2004 and provides for a vesting of 10% on date of grant and in 10% increments on each anniversary date thereafter. These two reported transactions involve an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option period. The Option was originally granted on May 21, 2004 and provides for a vesting of 10% on date of grant and in 10% increments on each anniversary date thereafter. These two reported transactions involve an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option period. The Option was originally granted on November 1, 2005 and provides for a vesting of 10% on date of grant and in 10% increments on each anniversary date thereafter. /s/ Richard H. Chibnall 2007-10-15