SEC Form 4 · accession 0001171843-15-001576
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Abramowitz
Director
Period of report
Mar 20, 2015
Accepted (ET)
Mar 23, 2015 · 5:30 pm EDT
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 | Mar 20, 2015 | M | 4,985 | $2.61 | A | 18,685 | D | |
| Common StockF2 | holding | — | — | — | 17,630 | I | See Footnote |
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)F4,F3 | $2.61 | Mar 20, 2015 | M | 4,985 | D | May 21, 2010 | May 21, 2015 | Common Stock | 4,985 | 0 | D |
Explanation of responses
- F1These shares were purchased for cash and held in a brokerage account.
- F2Of Mr. Abramowitz's indirect shares, 1,070 are held by the Kenneth and Nira Abramowitz Foundation, of which Mr. Abramowitz is a trustee, and the remainder is held by various family members.
- F3Options fully vested and became exercisable immediately upon grant.
- F4There was no consideration given in exchange for this security.