SEC Form 4 · accession 0001171843-18-002967
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
Apr 19, 2018
Accepted (ET)
Apr 23, 2018 · 7:11 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 | Apr 19, 2018 | A | 182,188 | $0.00 | A | 439,738 | D | |
| Common StockF3 | holding | — | — | — | 1,070,985 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 929,015 | I | By Trust |
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 April 19, 2019, April 19, 2020, April 19, 2021 and April 19, 2022.
- F2Following the reported transaction, the amount of shares directly beneficially owned consists of 334,566 unvested RSUs and 105,172 shares owned outright.
- F3The shares indirectly owned were gifted by the Reporting Person to two grantor-retained annuity trusts (GRATs) for which the Reporting Person is the sole trustee and annuitant.