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