SEC Form 4 · accession 0001171843-18-006455
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
Sep 5, 2018
Accepted (ET)
Sep 7, 2018 · 4:30 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 | Sep 5, 2018 | F | 7,221 | $15.50 | D | 430,531 | 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
- F1Represents the closing price of Akorn common stock on Wednesday, September 5, 2018, the vesting date of 24,648 Restricted Stock Units (RSUs), from which 7,221 shares were withheld to satisfy the taxes due.
- F2Following the reported transaction, the amount of shares directly beneficially owned consists of 271,365 unvested RSUs and 159,166 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.