KUTINSKY BRUCE 4
4 · AKORN INC · Filed Aug 7, 2017
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.