X0306 4 2014-05-02 0 0000003116 AKORN INC AKRX 0001234734 RAI RAJAT 1925 WEST FIELD COURT SUITE 300 LAKE FOREST IL 60045 0 1 0 0 Chief Executive Officer Common Stock 2014-05-02 4 A 0 26271 0.00 A 26271 D Stock Options (Right to Buy) 24.74 2014-05-02 4 A 0 211690 0.00 A 2019-05-02 Common Stock 211690 211690 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. 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/ Rajat Rai 2014-05-06