4//SEC Filing
RAI RAJAT 4
Accession 0001171843-17-007705
CIK 0000003116other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 5:00 PM ET
Size
7.4 KB
Accession
0001171843-17-007705
Insider Transaction Report
Form 4
AKORN INCAKRX
RAI RAJAT
Interim CEO
Transactions
- Other
Common Stock
2017-12-13$32.19/sh+1,304,931$42,005,729→ 2,257,550 total - Other
Common Stock
2017-12-13−1,304,931→ 0 total(indirect: By Trust)
Footnotes (3)
- [F1]On December 13, 2017, the Reporting Person withdrew 1,304,931 shares of common stock from a grantor retained annuity trust (GRAT) for which he is the sole trustee and annuitant. In exchange for the shares, the reporting person contributed to the trust assets of equal value. The withdrawal of shares from the trust resulted in a decrease in the number of shares the Reporting Person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the Reporting Person beneficially owns directly. The Reporting Person believes that his withdrawal of shares from the trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
- [F2]Following the reported transaction, the amount of shares directly beneficially owned consists of 152,378 unvested RSUs and 2,105,172 shares owned outright.
- [F3]The amount of securities held indirectly in the GRAT prior to the transaction reported herein included 1,070,985 shares previously reported in error as directly owned by the Reporting Person.
Documents
Issuer
AKORN INC
CIK 0000003116
Entity typeother
Related Parties
1- filerCIK 0001234734
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 5:00 PM ET
- Size
- 7.4 KB