X0202 4 2005-05-27 0 0000003116 AKORN INC AKN 0001324352 Stern John W 2500 MILLBROOK DRIVE BUFFALO GROVE IL 60089 0 1 0 0 VP, Sales & Marketing Common Stock 2005-05-27 4 A 0 7874 A 9745 D Issued in the form of a Restricted Stock Award on April 1, 2005. The rights and obligations of the parties became fixed on May 27, 2005 upon shareholder approval of the Amended and Restated Akorn Inc. 2003 Stock Option Plan. The award becomes 100% vested on April 1, 2006. There was no consideration given in exchange for the Restricted Stock Award. /s/ John W Stern 2005-06-01