SEC Form 4 · accession 0001171843-15-000218
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark M Silverberg
Officer — Exec VP, Ops Global QA&TechSrv
Period of report
Jan 12, 2015
Accepted (ET)
Jan 13, 2015 · 4:05 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 12, 2015 | M | 80,000 | $1.46 | A | 264,124 | D | |
| Common StockF3 | Jan 12, 2015 | S | 38,602 | $41.00 | D | 225,522 | 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)F5,F4 | $1.46 | Jan 12, 2015 | M | 80,000 | D | — | Feb 22, 2020 | Common Stock | 80,000 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2014.
- F2Proceeds from the sale were used to pay exercise price and taxes due upon exercise of options.
- F3Amount of Shares Beneficially Owned Following Reported Transaction includes 22,535 unvested shares subject to restricted stock awards and 202,987 shares owned outright. Shares owned outright include 1,015 shares acquired through participation in the Employee Stock Purchase Plan for the 2014 plan year.
- F4The option vested in three annual installments with 26,666 options vesting on February 22, 2011, and 26,667 options vesting on each of February 22, 2012 and February 22, 2013.
- F5There was no consideration given in exchange for the security.