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
Johnson Alan G.
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(Last) (First) (Middle)
Gallop, Johnson & Neuman, L.C., 101 South Hanley Road, Suite 1600
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(Street)
St. Louis Missouri 63105
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
KV Pharmaceutical Company (KVA and KVB)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
January, 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 [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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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 1/11/97 M 5,000 A $3.5625 29,000 D
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Class A Common Stock 117,500 I as Trustee
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Class B Common Stock 1/11/97 M 5,000 A $3.5625 29,000 D
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Class B Common Stock 117,500 I as Trustee
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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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>
Option to $7.125 1/11/97 M 5,000 (1) 8/23/00 Class A 5000 (1) 0 D
Purchase Common; each
Class B
Common
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Option to $10.875 11/6/96 I V 10,000 (2) 11/6/06 Class A 10,000 (2) 10,000 D
Purchase Common
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Explanation of Responses:
(1) Options were granted under the issuer's Amended and Restated 1981 Employee
Incentive Stock Option Plan pursuant to Rule 16b-3 and became exercisable
in cumulative installments equal to 10% of the subject shares annually. On
January 11, 1997 the administrator of the Plan accelerated the vesting of
all then unvested shares.
(2) Options were granted under the issuer's 1991 Incentive Stock Option Plan
and became exercisable in cumulative installments equal to 10% of the
subject shares annually.
/s/ Alan G. Johnson 2/10/97
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
