SEC Form 4 · accession 0001144204-19-003232
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Young
Officer — EVP, Global Operations
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 7:54 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,F2 | Jan 24, 2019 | A | 92,364 | $0.00 | A | 132,364 | 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)F3 | $4.06 | Jan 24, 2019 | A | 147,166 | A | — | Jan 24, 2029 | Common Stock | 147,166 | 147,166 | D |
Explanation of responses
- F1The securities acquired are Restricted Stock Units (RSUs) scheduled to vest in four equal installments on January 24, 2020, January 24, 2021, January 24, 2022 and January 24, 2023
- F2Following the reported transaction, the amount of shares beneficially owned includes 92,364 unvested RSUs and 40,000 shares owned outright.
- F3The Stock Options vest in four equal installments on January 24, 2020, January 24, 2021, January 24, 2022 and January 24, 2023.