SEC Form 4 · accession 0001171843-16-010998
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Kutinsky
Officer — Chief Operating Officer
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 9:01 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 StockF1 | Jul 1, 2016 | A | 11,949 | $0.00 | A | 175,208 | 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)F2 | $29.50 | Jul 1, 2016 | A | 84,525 | A | — | Jul 1, 2023 | Common Stock | 84,525 | 84,525 | D |
Explanation of responses
- F1The Restricted Stock Units vest in four equal installments on July 1, 2017, July 1, 2018, July 1, 2019 and July 1, 2020. Following the reported transaction the amount of shares beneficially owned includes 15,671 unvested shares subject to restricted stock units and 159,537 shares owned outright.
- F2The Stock Options vest in four equal installments on July 1, 2017, July 1, 2018, July 1, 2019 and July 1, 2020.