X0306 4 2012-12-13 0 0000003116 AKORN INC AKRX 0001324254 Sabat John R 1925 WEST FIELD COURT SUITE 300 LAKE FOREST IL 60045 0 1 0 0 S. VP, Sale, MKtg, Nat'l Accts Common Stock 2012-12-13 4 M 0 16997 1.60 A 50252 D Common Stock 2012-12-13 4 S 0 16997 13.10 D 33255 D Common Stock 2012-12-14 4 M 0 100 1.60 A 33355 D Common Stock 2012-12-14 4 S 0 100 12.87 D 33255 D Common Stock 2012-12-14 4 M 0 520 1.60 A 33775 D Common Stock 2012-12-14 4 S 0 520 12.78 D 33255 D Common Stock 2012-12-14 4 M 0 67383 1.60 A 100638 D Common Stock 2012-12-14 4 S 0 67383 12.75 D 33255 D Common Stock 2012-12-14 4 M 0 300 1.46 A 33555 D Common Stock 2012-12-14 4 S 0 300 12.75 D 33255 D Common Stock 2012-12-14 4 M 0 49700 1.46 A 82955 D Common Stock 2012-12-14 4 S 0 49700 12.7456 D 33255 D Common Stock 2012-12-14 4 M 0 21827 2.61 A 55082 D Common Stock 2012-12-14 4 S 0 21827 12.788 D 33255 D Stock Option (Right to Buy) 1.60 2012-12-13 4 M 0 16997 0 D 2014-11-19 Common Stock 16997 178002 D Stock Option (Right to Buy) 1.60 2012-12-14 4 M 0 8003 0.00 D 2014-11-19 Common Stock 8003 169999 D Stock Option (Right to Buy) 1.60 2012-12-14 4 M 0 50000 0.00 D 2014-11-19 Common Stock 50000 119999 D Stock Option (Right to Buy) 1.60 2012-12-14 4 M 0 10000 0.00 D 2014-11-19 Common Stock 10000 109999 D Stock Option (Right to Buy) 1.46 2012-12-14 4 M 0 50000 0.00 D 2015-02-22 Common Stock 50000 59999 D Stock Option (Right to Buy) 2.61 2012-12-14 4 M 0 21827 0.00 D 2015-05-21 Common Stock 21827 38172 D Reflects the weighted average sale prices of the shares sold. The reporting person will provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares sold at separate prices. Includes additional purchases of Akorn's Common Stock through Akorn's Employee Stock Purchase Plan of 4,118 shares on January 18, 2012. There was no consideration given in exchange for the security. The options exercised are from a grant on November 19, 2009 of 25,000 options which are fully vested, with 8,333 shares having vested on November 19, 2010 and November 19, 2011, respectively, and 8,334 shares having vested on November 19, 2012. The options exercised are from a grant on November 19, 2009 of 50,000 options which are fully vested, with 16,666 shares having vested on November 19, 2010 and 16,667 shares having vested on November 19, 2011 and on November 19, 2012, respectively. The options exercised are from a grant on November 19, 2009 of 10,000 options which are fully vested, with 3,333 shares having vested on November 19, 2010 and November 19, 2011, respectively, and 3,334 shares having vested on November 19, 2012. The options exercised are from a grant on February 22, 2010 of 75,000 options of which 50,000 options are fully vested, with 25,000 shares having vested on February 22, 2011 and February 22, 2012, respectively. The options exercised are from a grant on May 21, 2010 of 40,000 options of which 26,666 options are fully vested, with 13,333 shares having vested on May 21, 2011 and May 21, 2012, respectively. /s/ John R Sabat 2012-12-17