4//SEC Filing
AKORN INC 4
Accession 0001171843-16-010510
CIK 0000003116operating
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 5:02 PM ET
Size
13.4 KB
Accession
0001171843-16-010510
Insider Transaction Report
Form 4
AKORN INCAKRX
BONACCORSI JOSEPH
Sr. VP and General Counsel
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2016-06-03−100,000→ 0 totalExercise: $2.61→ Common Stock (100,000 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2016-06-03−75,000→ 0 totalExercise: $6.62→ Common Stock (75,000 underlying) - Exercise/Conversion
Common Stock
2016-06-03$6.62/sh+75,000$496,500→ 545,862 total - Sale
Common Stock
2016-06-03$31.23/sh−90,250$2,818,508→ 455,612 total - Exercise/Conversion
Common Stock
2016-06-03$2.61/sh+100,000$261,000→ 470,862 total
Footnotes (7)
- [F1]Proceeds from the sale were used to pay exercise price and taxes due upon exercise of options.
- [F2]Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $30.97 to $31.48 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.
- [F3]Amount of Shares Beneficially Owned Following Reported Transaction includes 76,997 unvested shares subject to restricted stock awards and 378,615 shares owned outright.
- [F4]These options vested in three installments on May 21, 2011, May 21, 2012 and May 21, 2013.
- [F5]These options were fully vested and scheduled to expire if not exercised on or before May 21, 2015. However, due to legal restrictions under the securities laws, the options could not be exercised until June 2, 2016 and thus the expiration date was tolled until July 2, 2016.
- [F6]These options vested in three installments on April 29, 2012, April 29, 2013 and April 29, 2014.
- [F7]These options were fully vested and scheduled to expire if not exercised on or before April 29, 2016. However, due to legal restrictions under the securities laws, the options could not be exercised until June 2, 2016 and thus the expiration date was tolled until July 2, 2016.
Documents
Issuer
AKORN INC
CIK 0000003116
Entity typeoperating
IncorporatedLA
Related Parties
1- filerCIK 0000003116
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 5:02 PM ET
- Size
- 13.4 KB