X0306 4 2014-05-02 0 0000003116 AKORN INC AKRX 0001466630 Dick Timothy A 1925 WEST FIELD COURT SUITE 300 LAKE FOREST IL 60045 0 1 0 0 Chief Financial Officer Common Stock 2014-05-02 4 A 0 5779 0.00 A 27978 D Stock Options (Right to Buy) 24.74 2014-05-02 4 A 0 46570 0.00 A 2019-05-02 Common Stock 46570 46570 D The award was in the form of a grant of restricted shares, which will vest in four equal installments on May 2, 2015, May 2, 2016, May 2, 2017 and May 2, 2018, so long as the reporting person continues to be employed by the Company. There was no consideration given in exchange for the security. Amount of securities beneficially owned following reported transaction includes 2,248 shares of common stock acquired through participation in the Employee Stock Purchase Plan ("ESPP") in 2012 and 1,871 shares acquired through participation in the ESPP in 2013. The Stock Options vest in four equal installments on May 2, 2015, May 2, 2016, May 2, 2017 and May 2, 2018, so long as the reporting person continues to be employed by the Company. /s/ Timothy A. Dick 2014-05-06