FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Sabo Ernest   2. Issuer Name and Ticker or Trading Symbol LANNETT CO INC [LCI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP, Corporate Compliance (Last) (First) (Middle) 9000 STATE ROAD 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2005 (Street) PHILADELPHIA, PA 19136 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 09/18/2007   A   6,000 (1) A $ 0 6,000 D   Common Stock 09/18/2007   A   3,748 (2) A $ 0 9,748 D   Common Stock 01/01/2008   F   1,481 (3) D $ 0 8,267 D   Common Stock 09/18/2008   F   663 (4) D $ 0 7,604 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option to Buy

$ 7.48

03/01/2005

A

3,260

(5)

03/01/2015

Common Stock

3,260

$ 0

3,260

D

Option to Buy

$ 5.18

10/25/2005

A

4,000

(6)

10/25/2015

Common Stock

4,000

$ 0

4,000

D

Option to Buy

$ 6.89

11/28/2006

A

7,500

(7)

11/28/2016

Common Stock

7,500

$ 0

7,500

D

Option to Buy

$ 4.03

09/18/2007

A

15,000

(8)

09/18/2017

Common Stock

15,000

$ 0

15,000

D

Option to Buy

$ 2.8

09/18/2008

A

16,000

(9)

09/18/2018

Common Stock

16,000

$ 0

16,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Sabo Ernest 9000 STATE ROAD PHILADELPHIA, PA 19136			VP, Corporate Compliance

Signatures

Keith R. Ruck		11/30/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents restricted stock award vesting 1/3 each on 9/18/2008, 9/18/2009 and 9/18/2010.
(2)	Represents restricted stock award which fully vested on 1/1/2008.
(3)	Mr. Sabo elected to withhold 1,481 shares in satisfaction of income tax withholding requirements in connection with the vesting on such date of the restricted stock award described in footnote (2) above.
(4)	Mr. Sabo elected to withhold 663 shares in satisfaction of income tax withholding requirements in connection with the vesting on such date of the restricted stock award described in footnote (1) above.
(5)	Exercisable in 1/3 annual increments on 3/1/2006, 3/1/2007, and 3/1/2008.
(6)	Exercisable in 1/3 annual increments on 10/25/2006, 10/25/2007, and 10/25/2008.
(7)	Exercisable in 1/3 annual increments on 11/28/2007, 11/28/2008, and 11/28/2009.
(8)	Exercisable in 1/3 annual increments on 9/18/2008, 9/18/2009, and 9/18/2010.
(9)	Exercisable in 1/3 annual increments on 9/18/2009, 9/18/2010, and 9/18/2011.
Remarks: Mr. Sabo was promoted to Vice President of Corporate Comopliance on May 12, 2008.

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