SEC Form 4 · accession 0001171843-16-012146
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Bonaccorsi
Officer — EVP Gen Counsel & Secretary
Period of report
Sep 12, 2016
Accepted (ET)
Sep 13, 2016 · 6:30 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,F2 | Sep 12, 2016 | F | 11,329 | $26.47 | D | 446,787 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the closing stock price of Akorn's common stock on September 2, 2016, which was the most recent trading day prior to the vesting date of the underlying restricted stock units, which vested on Labor Day, Monday, September 5, 2016. The election to satisfy the tax obligation related to this vesting by having the Company withhold the necessary number of shares of Akorn common stock was made on September 12, 2016.
- F2Following the reported transaction the amount of shares beneficially owned includes 61,211 unvested shares subject to restricted stock awards and 385,576 shares owned outright.