4//SEC Filing
AKORN INC 4
Accession 0001171843-14-004911
CIK 0000003116operating
Filed
Oct 21, 8:00 PM ET
Accepted
Oct 22, 8:02 PM ET
Size
20.7 KB
Accession
0001171843-14-004911
Insider Transaction Report
Form 4
AKORN INCAKRX
Silverberg Mark M
Exec.VP,Ops,Global QA&TechServ
Transactions
- Exercise/Conversion
Common Stock
2014-10-21$1.11/sh+50,000$55,500→ 119,911 total - Exercise/Conversion
Common Stock
2014-10-21$1.60/sh+50,000$80,000→ 169,911 total - Exercise/Conversion
Common Stock
2014-10-21$1.60/sh+35,000$56,000→ 204,911 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-10-21−35,000→ 0 totalExercise: $1.60Exp: 2014-11-19→ Common Stock (35,000 underlying) - Exercise/Conversion
Common Stock
2014-10-21$1.60/sh+75,000$120,000→ 279,911 total - Sale
Common Stock
2014-10-21$40.00/sh−72,491$2,899,640→ 207,420 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-10-21−50,000→ 0 totalExercise: $1.11Exp: 2019-05-26→ Common Stock (50,000 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2014-10-21−50,000→ 0 totalExercise: $1.60Exp: 2014-11-19→ Common Stock (50,000 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2014-10-21−75,000→ 0 totalExercise: $1.60Exp: 2014-11-19→ Common Stock (75,000 underlying)
Footnotes (8)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2014.
- [F2]Proceeds from the sale were used to pay exercise price and taxes due upon exercise of options.
- [F3]Amount of Shares Beneficially Owned Following Reported Transaction includes 22,535 unvested shares subject to a restricted stock awards and 184,885 shares owned outright.
- [F4]The option vested in three annual installments with 16,666 options vesting on May 26, 2010, and 16,667 options vesting on each of May 26, 2011 and May 26, 2012.
- [F5]The option vested in three annual installments with 16,666 options vesting on November 19, 2010, and 16,667 options vesting on each of November 19, 2011 and November 19, 2012.
- [F6]The option vested in four annual installments with 8,750 vesting on each of November 19, 2009, November 19, 2010, November 19, 2011, and November 19, 2012.
- [F7]The option vested in four annual installments with 18,750 vesting on each of November 19, 2009, November 19, 2010, November 19, 2011, and November 19, 2012
- [F8]There was no consideration given in exchange for the security.
Documents
Issuer
AKORN INC
CIK 0000003116
Entity typeoperating
IncorporatedLA
Related Parties
1- filerCIK 0000003116
Filing Metadata
- Form type
- 4
- Filed
- Oct 21, 8:00 PM ET
- Accepted
- Oct 22, 8:02 PM ET
- Size
- 20.7 KB