SEC Form 4 · accession 0001171843-17-002694
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
May 2, 2017
Accepted (ET)
May 4, 2017 · 5:46 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 | May 2, 2017 | F | 588 | $33.50 | D | 174,042 | D | |
| Common StockF2,F3 | May 4, 2017 | A | 44,382 | $0.00 | A | 218,424 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the closing stock price of Akorn common stock on May 2, 2017, the date of vesting of 1,861 Restricted Stock Units (RSUs) from which 588 shares are being withheld to satisfy the taxes due.
- F2The securities acquired are RSUs scheduled to vest in four equal installments on May 4, 2018, May 4, 2019, May 4, 2020 and May 4, 2021.
- F3Following the reported transaction, the amount of shares beneficially owned consists of 58,191 unvested RSUs and 160,233 shares owned outright.