4//SEC Filing
AKORN INC 4
Accession 0001171843-15-000598
CIK 0000003116operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 4:06 PM ET
Size
9.9 KB
Accession
0001171843-15-000598
Insider Transaction Report
Form 4
AKORN INCAKRX
Dick Timothy A
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2015-02-01$2.61/sh+61,111$159,500→ 246,311 total - Sale
Common Stock
2015-02-01$42.19/sh−30,750$1,297,343→ 215,561 total - Exercise/Conversion
Stock Option (right to buy)
2015-02-01−61,111→ 0 totalExercise: $2.61Exp: 2015-05-21→ Common Stock (61,111 underlying)
Footnotes (8)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2014.
- [F2]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.
- [F3]All proceeds from the sale were used to cover exercise price and taxes due upon exercise of options.
- [F4]Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $41.81 to $42.93 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]Amount of Shares Beneficially Owned Following Reported Transaction includes 45,789 unvested shares subject to a restricted stock awards and 169,772 shares owned outright.
- [F6]The option vested in three annual installments with 122,222 options vesting on each of May 21, 2011 and May 21, 2012, and 122,223 options vesting on May 21, 2013.
- [F7]Exercise of stock options that were approaching their 5-year expiration date.
- [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
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 4:06 PM ET
- Size
- 9.9 KB