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Home/Filings/4/0001171843-15-000371
4//SEC Filing

AKORN INC 4

Accession 0001171843-15-000371

CIK 0000003116operating
View on SEC.govCompany Profile

Filed

Jan 25, 7:00 PM ET

Accepted

Jan 26, 6:26 PM ET

Size

32.0 KB

Accession

0001171843-15-000371

Insider Transaction Report

Form 4
Period: 2015-01-22
AKORN INCAKRX
RAI RAJAT
Interim CEO
Transactions
  • Exercise/Conversion

    Common Stock

    2015-01-22$1.46/sh+150,000$219,000→ 1,480,220 total
  • Sale

    Common Stock

    2015-01-22$41.26/sh−70,656$2,915,267→ 1,409,564 total
  • Sale

    Common Stock

    2015-01-22$41.26/sh−269,954$11,138,302→ 1,694,598 total
  • Sale

    Common Stock

    2015-01-26$42.55/sh−219,000$9,318,450→ 2,156,235 total
  • Exercise/Conversion

    Stock Option (right to buy)

    2015-01-23−397,189→ 402,811 total
    Exercise: $6.62Exp: 2016-04-29→ Common Stock (397,189 underlying)
  • Exercise/Conversion

    Stock Option (right to buy)

    2015-01-23−195,012→ 0 total
    Exercise: $2.61Exp: 2015-05-21→ Common Stock (195,012 underlying)
  • Sale

    Common Stock

    2015-01-23$42.10/sh−216,929$9,132,711→ 1,874,858 total
  • Exercise/Conversion

    Common Stock

    2015-01-23$2.61/sh+195,012$508,981→ 2,069,870 total
  • Exercise/Conversion

    Common Stock

    2015-01-26$6.62/sh+402,811$2,666,609→ 2,375,235 total
  • Exercise/Conversion

    Stock Option (right to buy)

    2015-01-22−554,988→ 195,012 total
    Exercise: $2.61Exp: 2015-05-21→ Common Stock (554,988 underlying)
  • Exercise/Conversion

    Common Stock

    2015-01-22$2.61/sh+554,988$1,448,519→ 1,964,552 total
  • Exercise/Conversion

    Common Stock

    2015-01-23$6.62/sh+397,189$2,629,391→ 2,091,787 total
  • Sale

    Common Stock

    2015-01-23$42.10/sh−97,446$4,102,477→ 1,972,424 total
  • Exercise/Conversion

    Stock Option (right to buy)

    2015-01-26−402,811→ 0 total
    Exercise: $6.62Exp: 2016-04-29→ Common Stock (402,811 underlying)
  • Exercise/Conversion

    Stock Option (right to buy)

    2015-01-22−150,000→ 0 total
    Exercise: $1.46Exp: 2015-02-22→ Common Stock (150,000 underlying)
Footnotes (11)
  • [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 16, 2014.
  • [F10]The options vested in annual installments with 266,666 options vesting on April 29, 2012, and 266,667 options vesting on each of April 29, 2013, and April 29, 2014.
  • [F11]There was no consideration given in exchange for the security.
  • [F2]All proceeds from the sale were used to cover exercise price and taxes due upon exercise of options.
  • [F3]Upon execution of transactions disclosed on this Form 4, all securities subject to the 10b5-1 trading plan have been transacted and the plan has expired pursuant to its terms.
  • [F4]Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $40.80 to $42.24 per share. The reporting person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at separate prices within the foregoing range.
  • [F5]Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $41.59 to $42.65 per share. The reporting person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at separate prices within the foregoing range.
  • [F6]Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $41.92 to $43.11 per share. The reporting person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at separate prices within the foregoing range.
  • [F7]Amount of Shares Beneficially Owned Following Reported Transactions include 124,864 unvested shares subject to restricted stock awards and 2,031,371 shares owned outright. Shares owned outright include 1,015 shares acquired through participation in the Employee Stock Purchase Plan for the 2014 plan year.
  • [F8]The option vested in three annual installments with 50,000 options vesting on each of February 22, 2011, February 22, 2012, and February 22, 2013.
  • [F9]The option vested in three annual installments with 250,000 options vesting on each of May 21, 2011, May 21, 2012, and May 21, 2013.

Documents

1 file

Issuer

AKORN INC

CIK 0000003116

→
Entity typeoperating
IncorporatedLA

Related Parties

1
  • filerCIK 0000003116

Filing Metadata

Form type
4
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 6:26 PM ET
Size
32.0 KB
View on SEC.gov