4//SEC Filing
KUTINSKY BRUCE 4
Accession 0001171843-17-004789
CIK 0000003116other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 6:00 PM ET
Size
10.8 KB
Accession
0001171843-17-004789
Insider Transaction Report
Form 4
AKORN INCAKRX
KUTINSKY BRUCE
President, Consumer Health Div
Transactions
- Exercise/Conversion
Common Stock
2017-08-03$13.35/sh+100,000$1,335,000→ 317,480 total - Sale
Common Stock
2017-08-03$33.46/sh−40,000$1,338,400→ 277,480 total - Tax Payment
Common Stock
2017-08-03$33.45/sh−25,541$854,346→ 251,939 total - Exercise/Conversion
Stock Options (Right to Buy)
2017-08-03−100,000→ 0 totalExercise: $13.35Exp: 2017-08-03→ Common Stock (100,000 underlying)
Footnotes (6)
- [F1]Proceeds from the sale were used to pay the exercise price for this option exercise.
- [F2]Represents the weighted average sale price of the shares sold. The shares were sold at prices ranging from $33.41 to $33.51. Upon request, the reporting person will provide to the SEC staff full information regarding the number of shares sold at separate prices within the foregoing range.
- [F3]The shares were withheld for the payment of the taxes due upon exercise of the options.
- [F4]Equals the closing market price of Akorn common stock on August 3, 2017.
- [F5]Following the reported transaction, the amount of shares beneficially owned consists of 55,203 unvested RSUs and 196,736 shares owned outright.
- [F6]The stock options vested in four equal installments of 25,000 each on August 3, 2013, August 3, 2014, August 3, 2015 and August 3, 2016.
Documents
Issuer
AKORN INC
CIK 0000003116
Entity typeother
Related Parties
1- filerCIK 0001234725
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 6:00 PM ET
- Size
- 10.8 KB