SEC Form 4 · accession 0001171843-18-005035
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, 2018
Accepted (ET)
Jul 3, 2018 · 6:00 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, 2018 | F | 1,986 | $16.59 | D | 437,752 | 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 sale price of $16.59 per share represents the closing price of Akorn common stock on Friday, June 29, 2018, the last trading day preceding the July 1, 2018 vesting date of 6,780 Restricted Stock Units (RSUs), from which 1,986 shares were withheld to satisfy the taxes due.
- F2Following the reported transaction, the amount of shares directly beneficially owned consists of 296,013 unvested RSUs and 141,739 shares owned outright.
- F3The shares are held in a grantor-retained annuity trust (GRAT) for which the Reporting Person is the sole trustee and annuitant.