X0306 4 2015-03-12 0 0000057725 LANNETT CO INC LCI 0001433341 Schreck William 9000 STATE ROAD PHILADELPHIA PA 19136 0 1 0 0 COO Common Stock 2015-03-12 4 M 0 6950 3.55 A 176307 D Common Stock 2015-03-12 4 S 0 2594 65.39 D 173713 D Common Stock 2015-03-12 4 M 0 11667 4.16 A 185380 D Common Stock 2015-03-12 4 S 0 4631 65.25 D 180749 D Common Stock 2015-03-12 4 M 0 15000 13.86 A 195749 D Common Stock 2015-03-12 4 S 0 8952 64.93 D 186797 D Common Stock 2015-03-13 4 M 0 8334 5.02 A 195131 D Common Stock 2015-03-13 4 M 0 16384 3.55 A 211515 D Stock Option - Right to Buy 3.55 2015-03-12 4 M 0 6950 0.00 D 2014-08-25 2021-08-25 Common Stock 6950 0 D Stock Option - Right to Buy 4.16 2015-03-12 4 M 0 11667 0.00 D 2014-10-26 2022-10-25 Common Stock 11667 11667 D Stock Option - Right to Buy 13.86 2015-03-12 4 M 0 15000 0.00 D 2014-09-05 2023-09-04 Common Stock 15000 30000 D Stock Option - Right to Buy 5.02 2015-03-13 4 M 0 8334 0.00 D 2014-07-08 2021-07-08 Common Stock 8334 0 D Stock Option - Right to Buy 3.55 2015-03-13 4 M 0 16384 0.00 D 2014-08-25 2021-08-25 Common Stock 16384 0 D Proceeds from shares sold were used to satisfy the stock option exercise price and tax withholdings. /s/ Martin P. Galvan Limited Power of Attorney For: William Schreck 2015-03-16