X0306
4
2017-08-03
0
0000003116
AKORN INC
AKRX
0001234725
KUTINSKY BRUCE
1925 WEST FIELD COURT SUITE 300
LAKE FOREST
IL
60045
0
1
0
0
Chief Operating Officer
Common Stock
2017-08-03
4
M
0
100000
13.35
A
317480
D
Common Stock
2017-08-03
4
S
0
40000
33.46
D
277480
D
Common Stock
2017-08-03
4
F
0
25541
33.45
D
251939
D
Stock Options (Right to Buy)
13.35
2017-08-03
4
M
0
100000
0.00
D
2017-08-03
Common Stock
100000
0
D
Proceeds from the sale were used to pay the exercise price for this option exercise.
Represents the weighted average sale price of the shares sold. The shares were sold at prices ranging from $33.41 to $33.51. Upon request, the reporting person will provide to the SEC staff full information regarding the number of shares sold at separate prices within the foregoing range.
The shares were withheld for the payment of the taxes due upon exercise of the options.
Equals the closing market price of Akorn common stock on August 3, 2017.
Following the reported transaction, the amount of shares beneficially owned consists of 55,203 unvested RSUs and 196,736 shares owned outright.
The stock options vested in four equal installments of 25,000 each on August 3, 2013, August 3, 2014, August 3, 2015 and August 3, 2016.
/s/ Joseph Bonaccorsi, Attorney-in-Fact
2017-08-07