SEC Form 4 · accession 0001171843-16-010509
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven J Meyer
Director
Period of report
Jun 2, 2016
Accepted (ET)
Jun 6, 2016 · 5:01 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 Stock | Jun 2, 2016 | M | 25,000 | $6.62 | A | 80,456 | D | |
| Common StockF2 | holding | — | — | — | 18,100 | 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)F3 | $6.62 | Jun 2, 2016 | M | 25,000 | D | Apr 29, 2011 | — | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1These shares were purchased for cash and held in a brokerage account.
- F2These shares are held by a trust whose beneficiaries are the Reporting Person and the Reporting Person's spouse and children. The Reporting Person's spouse is a trustee of the trust and the Reporting Person is a successor trustee.
- F3These options were fully vested and scheduled to expire if not exercised on or before April 29, 2016. However, due to legal restrictions under the securities laws, the options could not be exercised until June 2, 2016 and thus the expiration date was tolled until July 2, 2016.