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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
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hours per response ....... 1.0
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
Hermelin Marc S.
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(Last) (First) (Middle)
2503 South Hanley Road
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(Street)
St. Louis MO 63144
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
KV Pharmaceutical Company; KVA & KVB
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
May, 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Vice Chairman and Chief Executive Officer
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7. Individual or Joint/Group Reporting
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More Than One Reporting Person
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock 5/15/97 G V 700 D 62,558 D
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Class B Common Stock 97,450 D
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Class A Common Stock 1,878,312 I (a)
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Class B Common Stock 1,918,312 I (a)
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Class A Common Stock 117,500 I (b)
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Class B Common Stock 117,500 I (b)
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Class A Common Stock 2,009 I (c)
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Class B Common Stock 6,602 I (c)
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</TABLE>
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(a) Shares held in four trusts in which the reporting person is one of three
trustees of each trust; including, Trust Agreement dated 12/22/73 FBO Marc
S. Hermelin, in which the reporting person is the primary beneficiary, and
three other trusts including Trust Agreement dated 12/12/73 FBO Minnette
Hermelin, Trust Agreement dated 12/22/73 FBO Anne S. Kirschner and Trust
Agreement 12/22/73 FBO Arnold L. Hermelin.
(b) Shares held in an irrevocable trust for the benefit of the reporting
person. The reporting person does not hold or share voting or dispositive
power regarding the shares.
(c) Shares held in the reporting person's 401(k) and profit sharing plans. The
reporting person does not have voting power regarding these shares.
/s/ Marc S. Hermelin 6/9/97
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Signature of Reporting Person Date
