SEC Form 4 · accession 0001144204-19-001143
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Boothe
Officer — President and CEO
Period of report
Jan 8, 2019
Accepted (ET)
Jan 8, 2019 · 7:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000003116
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 8, 2019 | A | 507,614 | $0.00 | A | 507,614 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $3.94 | Jan 8, 2019 | A | 405,938 | A | — | Jan 8, 2029 | Common Stock | 405,938 | 405,938 | D |
| Performance Share UnitsF3 | — | Jan 8, 2019 | A | 253,807 | A | — | — | Common Stock | 253,807 | 253,807 | D |
Explanation of responses
- F1The securities acquired are Restricted Stock Units (RSUs) scheduled to vest in four equal installments on January 8, 2020, January 8, 2021, January 8, 2022 and January 8, 2023.
- F2The Stock Options vest in four equal installments on January 8, 2020, January 8, 2021, January 8, 2022 and January 8, 2023.
- F3Each Performance Share Unit (PSU) represents a contingent right to receive one share of Akorn common stock. The PSUs will vest at the end of a four-year performance period on January 7, 2023 at between 0% and 300% of target based upon the achievement of a specified price of Akorn's common stock (from $8 to $20), subject to continued service through the date of settlement.