AKORN INC 4
4 · AKORN INC · Filed Apr 21, 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)
2015-04-21−60,000→ 0 totalExercise: $2.61Exp: 2015-05-21→ Common Stock (60,000 underlying) - Exercise/Conversion
Common Stock
2015-04-21$2.61/sh+60,000$156,600→ 285,522 total - Sale
Common Stock
2015-04-21$55.00/sh−29,000$1,595,000→ 256,522 total
Footnotes (5)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2015. Upon execution of the transaction 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.
- [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 233,987 shares owned outright.
- [F4]The option vested in three annual installments with 20,000 options vesting on May 21, 2011, May 21, 2012 and May 21, 2013.
- [F5]There was no consideration given in exchange for the security.