WANEY ARJUN C 4
4 · AKORN INC · Filed Jan 18, 2006
Insider Transaction Report
Form 4
AKORN INCAKRN
WANEY ARJUN C
Director10% Owner
Transactions
- Conversion
Series A Preferred
2006-01-13$0.75/sh→ 0 totalExercise: $0.75Exp: 2011-10-31→ Common Stock (3,052,128 underlying) - Conversion
Common Stock
2006-01-13$0.75/sh+407,764$305,823→ 866,264 total(indirect: Argent Fund Management Ltd.) - Conversion
Common Stock
2006-01-13$0.75/sh+3,052,128$2,289,096→ 3,833,728 total
Holdings
- 628,400(indirect: First Winchester Investments)
Common Stock
Footnotes (6)
- [F1]Pursuant to the issuer's Restated Articles of Incorporation, all outstanding shares of the issuer's Series A Preferred Stock immediately and automatically converted into shares of issuer's common stock effective January 13, 2006. Accordingly, all outstanding shares of Series A Preferred Stock held by the reporting person converted into 3,052,128 shares of common stock on January 13, 2006.
- [F2]Pursuant to the issuer's Restated Articles of Incorporation, all outstanding shares of the issuer's Series A Preferred Stock immediately and automatically converted into shares of issuer's common stock effective January 13, 2006. Accordingly, all outstanding shares of Series A Preferred Stock held by Argent Fund Management Ltd., of which the reporting person is a majority owner, converted into 407,764 shares of common stock on January 13, 2006.
- [F3]Pursuant to the issuer's Restated Articles of Incorporation, all outstanding shares of the issuer's Series A Preferred Stock immediately and automatically converted into shares of issuer's common stock effective January 13, 2006. Accordingly, all outstanding shares of Series A Preferred Stock held by the reporting person converted into 3,052,128 shares of common stock on January 13, 2006.
- [F4]Pursuant to the issuer's Restated Articles of Incorporation, all outstanding shares of the issuer's Series A Preferred Stock immediately and automatically converted into shares of issuer's common stock effective January 13, 2006. Accordingly, all outstanding shares of Series A Preferred Stock held by Argent Fund Management Ltd., of which the reporting person is a majority owner, converted into 407,764 shares of common stock on January 13, 2006.
- [F5]Immediately
- [F6]Mandatory redemption on this date.