SEC Form 4 · accession 0001171843-17-002741
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John N Kapoor
Director · 10% Owner
Period of report
May 4, 2017
Accepted (ET)
May 5, 2017 · 5:09 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 | May 4, 2017 | A | 8,088 | $0.00 | A | 513,479 | D | |
| Common StockF3 | holding | — | — | — | 4,907,524 | I | By Trust | |
| Common StockF4 | holding | — | — | — | 15,050,000 | I | Indirect Managing General Partner | |
| Common StockF5 | holding | — | — | — | 2,970,644 | I | Indirect Managing General Partner | |
| Common StockF6 | holding | — | — | — | 3,590,445 | I | Indirect Managing General Partner | |
| Common StockF7 | holding | — | — | — | 4,427,462 | I | By Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities acquired are Restricted Stock Units (RSUs) scheduled to vest in four equal installments on May 4, 2018, May 4, 2019, May 4, 2020 and May 4, 2021. Following the reported transaction, the amount of shares beneficially owned includes 11,583 unvested shares subject to RSUs and 501,896 shares owned outright.
- F2These securities are beneficially owned by John N. Kapoor, Ph.D., who is a member of a "group" with Akorn Holdings, L.P. for purposes of Section 13(d) of the Exchange Act.
- F3Shares held by the John N. Kapoor Trust dated September 20, 1989, of which Dr. Kapoor is sole trustee and beneficiary.
- F4Shares held by Akorn Holdings, LP, a Delaware limited partnership, of which Dr. Kapoor is the indirect managing general partner. Dr. Kapoor disclaims beneficial ownership of such shares except to the extent of his actual pecuniary interest therein.
- F5Shares held by EJ Financial / Akorn Management L.P., a Delaware limited partnership, of which Dr. Kapoor is the indirect managing general partner. Dr. Kapoor disclaims beneficial ownership of such shares except to the extent of his actual pecuniary interest therein.
- F6Shares held by EJ Funds LP, a Delaware limited partnership, of which Dr. Kapoor is the indirect managing general partner. Dr. Kapoor disclaims beneficial ownership of such shares except to the extent of his actual pecuniary interest therein.
- F7Shares held through several trusts, the trustee of which is employed by a company controlled by Dr. Kapoor and the beneficiaries of which include Dr. Kapoor's children and various other family members. Dr. Kapoor disclaims beneficial ownership of such shares except to the extent of his actual pecuniary interest therein.