SEC Form 4 · accession 0001171843-16-010667
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Abramowitz
Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 6:31 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 10, 2016 | M | 16,200 | $6.62 | A | 33,185 | D | |
| Common StockF1 | Jun 10, 2016 | S | 14,675 | $30.16 | D | 18,510 | D | |
| Common StockF2 | holding | — | — | — | 16,160 | 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 10, 2016 | M | 16,200 | D | Apr 29, 2011 | — | Common Stock | 16,200 | 0 | D |
Explanation of responses
- F1Reflects the weighted average sale price of the shares sold. The shares were sold in multiple trades at prices ranging from $30.09 to $30.26 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.
- F2These shares are held by various family members of Mr. Abramowitz.
- 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.