SEC Form 4 · accession 0001171843-17-003969
AKORN INC · AKRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rajat Rai
Officer — Chief Executive Officer
Period of report
Jul 1, 2017
Accepted (ET)
Jul 5, 2017 · 7:32 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 | Jul 1, 2017 | F | 3,098 | $33.54 | D | 2,023,604 | D | |
| Common StockF3 | holding | — | — | — | 233,946 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the closing stock price of Akorn common stock on Friday, June 30, 2017, the last trading day preceding the July 1, 2017 vesting date of 6,780 Restricted Stock Units (RSUs), from which 3,098 shares are being withheld to satisfy the taxes due.
- F2Following the reported transaction, the amount of shares directly beneficially owned consists of 177,026 unvested RSUs and 1,846,578 shares owned outright.
- F3The indirectly owned securities are held in a trust for which the Reporting Person is trustee.