0001171843-15-000371.txt : 20150126
0001171843-15-000371.hdr.sgml : 20150126
20150126182604
ACCESSION NUMBER: 0001171843-15-000371
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150122
FILED AS OF DATE: 20150126
DATE AS OF CHANGE: 20150126
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AKORN INC
CENTRAL INDEX KEY: 0000003116
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 720717400
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1925 W. FIELD COURT, SUITE 300
CITY: LAKE FOREST
STATE: IL
ZIP: 60045
BUSINESS PHONE: 847-279-6100
MAIL ADDRESS:
STREET 1: 1925 W. FIELD COURT, SUITE 300
CITY: LAKE FOREST
STATE: IL
ZIP: 60045
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RAI RAJAT
CENTRAL INDEX KEY: 0001234734
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32360
FILM NUMBER: 15549844
MAIL ADDRESS:
STREET 1: 485 HALF DAY ROAD SUITE 300
CITY: BUFFALO GROVE
STATE: IL
ZIP: 60089-6548
4
1
gff4rai.xml
FORM 4
X0306
4
2015-01-22
0
0000003116
AKORN INC
AKRX
0001234734
RAI RAJAT
1925 WEST FIELD COURT SUITE 300
LAKE FOREST
IL
60045
0
1
0
0
Chief Executive Officer
Common Stock
2015-01-22
4
M
0
150000
1.46
A
1480220
D
Common Stock
2015-01-22
4
S
0
70656
41.26
D
1409564
D
Common Stock
2015-01-22
4
M
0
554988
2.61
A
1964552
D
Common Stock
2015-01-22
4
S
0
269954
41.26
D
1694598
D
Common Stock
2015-01-23
4
M
0
397189
6.62
A
2091787
D
Common Stock
2015-01-23
4
S
0
216929
42.10
D
1874858
D
Common Stock
2015-01-23
4
M
0
195012
2.61
A
2069870
D
Common Stock
2015-01-23
4
S
0
97446
42.10
D
1972424
D
Common Stock
2015-01-26
4
M
0
402811
6.62
A
2375235
D
Common Stock
2015-01-26
4
S
0
219000
42.55
D
2156235
D
Stock Option (right to buy)
1.46
2015-01-22
4
M
0
150000
0
D
2015-02-22
Common Stock
150000
0
D
Stock Option (right to buy)
2.61
2015-01-22
4
M
0
554988
0
D
2015-05-21
Common Stock
554988
195012
D
Stock Option (right to buy)
6.62
2015-01-23
4
M
0
397189
0
D
2016-04-29
Common Stock
397189
402811
D
Stock Option (right to buy)
2.61
2015-01-23
4
M
0
195012
0
D
2015-05-21
Common Stock
195012
0
D
Stock Option (right to buy)
6.62
2015-01-26
4
M
0
402811
0
D
2016-04-29
Common Stock
402811
0
D
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 16, 2014.
All proceeds from the sale were used to cover exercise price and taxes due upon exercise of options.
Upon execution of transactions 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.
Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $40.80 to $42.24 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.
Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $41.59 to $42.65 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.
Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $41.92 to $43.11 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.
Amount of Shares Beneficially Owned Following Reported Transactions include 124,864 unvested shares subject to restricted stock awards and 2,031,371 shares owned outright. Shares owned outright include 1,015 shares acquired through participation in the Employee Stock Purchase Plan for the 2014 plan year.
The option vested in three annual installments with 50,000 options vesting on each of February 22, 2011, February 22, 2012, and February 22, 2013.
The option vested in three annual installments with 250,000 options vesting on each of May 21, 2011, May 21, 2012, and May 21, 2013.
The options vested in annual installments with 266,666 options vesting on April 29, 2012, and 266,667 options vesting on each of April 29, 2013, and April 29, 2014.
There was no consideration given in exchange for the security.
/s/ Rajat Rai
2015-01-26