SEC Form 4 · accession 0001171843-15-000106

AKORN INC · AKRX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Jan 2, 2015

Accepted (ET)

Jan 6, 2015 · 4:06 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 Stock	Jan 2, 2015	M	61,111	$2.61	A	215,350	D
Common Stock^F3,F4	Jan 2, 2015	S	30,150	$36.03	D	185,200	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F7,F5,F6	$2.61	Jan 2, 2015	M	61,111	D	—	May 21, 2015	Common Stock	61,111	61,112	D

F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2014.
F2Proceeds from the sale were used to pay exercise price and taxes due upon exercise of options.
F3Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $35.45 to $36.88 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.
F4Amount of Shares Beneficially Owned Following Reported Transaction includes 45,789 unvested shares subject to a restricted stock awards and 139,411 shares owned outright. Shares owned outright include 1,015 shares acquired through participation in the Employee Stock Purchase Plan for the 2014 plan year.
F5The option vested in three annual installments with 122,222 options vesting on each of May 21, 2011 and May 21, 2012, and 122,223 options vesting on May 21, 2013.
F6Exercise of stock options that were approaching their 5-year expiration date.
F7There was no consideration given in exchange for the security.