Boothe Douglas 4
4 · AKORN INC · Filed Jan 8, 2019
Insider Transaction Report
Form 4
AKORN INCAKRX
Boothe Douglas
President and CEO
Transactions
- Award
Common Stock
2019-01-08+507,614→ 507,614 total - Award
Performance Share Units
2019-01-08+253,807→ 253,807 total→ Common Stock (253,807 underlying) - Award
Stock Options (Right to Buy)
2019-01-08+405,938→ 405,938 totalExercise: $3.94Exp: 2029-01-08→ Common Stock (405,938 underlying)
Footnotes (3)
- [F1]The securities acquired are Restricted Stock Units (RSUs) scheduled to vest in four equal installments on January 8, 2020, January 8, 2021, January 8, 2022 and January 8, 2023.
- [F2]The Stock Options vest in four equal installments on January 8, 2020, January 8, 2021, January 8, 2022 and January 8, 2023.
- [F3]Each Performance Share Unit (PSU) represents a contingent right to receive one share of Akorn common stock. The PSUs will vest at the end of a four-year performance period on January 7, 2023 at between 0% and 300% of target based upon the achievement of a specified price of Akorn's common stock (from $8 to $20), subject to continued service through the date of settlement.