AKORN INC 4
4 · AKORN INC · Filed Jan 13, 2015
Insider Transaction Report
Form 4
AKORN INCAKRX
Silverberg Mark M
Exec.VP,Ops,Global QA&TechServ
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2015-01-12−80,000→ 0 totalExercise: $1.46Exp: 2020-02-22→ Common Stock (80,000 underlying) - Sale
Common Stock
2015-01-12$41.00/sh−38,602$1,582,682→ 225,522 total - Exercise/Conversion
Common Stock
2015-01-12$1.46/sh+80,000$116,800→ 264,124 total
Footnotes (5)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 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 restricted stock awards and 202,987 shares owned outright. Shares owned outright include 1,015 shares acquired through participation in the Employee Stock Purchase Plan for the 2014 plan year.
- [F4]The option vested in three annual installments with 26,666 options vesting on February 22, 2011, and 26,667 options vesting on each of February 22, 2012 and February 22, 2013.
- [F5]There was no consideration given in exchange for the security.