SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KAPOOR JOHN N

(Last)

(First)

(Middle)

1925 WEST FIELD COURT

SUITE 300

(Street)

LAKE FOREST

60045

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AKORN INC [ AKRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2014

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/10/2014		X		1,939,639	A	$1.11	25,829,563	I	See footnote⁽¹⁾
Common Stock	04/10/2014		X		1,501,933	A	$1.11	27,331,496	I	See footnote⁽¹⁾
Common Stock	04/10/2014		X		2,099,935	A	$1.16	29,431,431	I	See footnote⁽¹⁾
Common Stock	04/10/2014		X		1,650,806	A	$1.16	31,082,237	I	See footnote⁽¹⁾
Common Stock								500,730	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy common stock)	$1.11	04/10/2014		X			1,939,639	04/13/2009	04/13/2014	Common Stock	1,939,639	⁽⁴⁾	0	I	See footnote⁽²⁾
Warrant (right to buy common stock)	$1.11	04/10/2014		X			1,501,933	04/15/2009	04/15/2014	Common Stock	1,501,933	⁽⁴⁾	0	I	See footnote⁽³⁾
Warrant (right to buy common stock)	$1.16	04/10/2014		X			2,099,935	08/17/2009	08/17/2014	Common Stock	2,099,935	⁽⁴⁾	0	I	See footnote⁽³⁾
Warrant (right to buy common stock)	$1.16	04/10/2014		X			1,650,806	08/17/2009	08/17/2014	Common Stock	1,650,806	⁽⁴⁾	0	I	See footnote⁽²⁾

Explanation of Responses:

1. Securities held through various limited partnerships and trusts. Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest.

2. Warrants were held by limited partnership controlled by Reporting Person. Common stock received upon exercise of warrants will be held by same entity.

3. Warrants were held by trust controlled by Reporting Person. Common stock received upon exercise of warrants will be held by same entity.

4. Not Applicable.

Remarks:

	/s/ Joseph Bonaccorsi, Attorney-in-Fact	04/11/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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