Form Type: 4

SEC EDGAR Link
Accession Number:0001171843-14-004355
Date:2014-09-11
Issuer: AKORN INC (AKRX)
Original Submission Date:

Reporting Person:

BONACCORSI JOSEPH
1925 WEST FIELD COURT SUITE 300
LAKE FOREST, IL 60045

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-09-11 M 250,000 a $0.81 427,474 direct
COMMON STOCK 2014-09-11 S 116,800 d $37.89 310,674 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTIONS (RIGHT TO BUY) 0.81 2014-09-11 deemed execution date M 250,000 (d) 2009-05-06 2019-05-06 common stock 250,000 $0.81 0 direct
Footnotes
IDfootnote
f1 proceeds from the sale were used to pay exercise price and taxes due upon exercise of options.
f2 reflects the weighted average sale price of the shares sold. the shares were sold in multiple trades at prices ranging from $37.81 to $38.02 per share. 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 within the foregoing range.
f3 amount of shares beneficially owned following reported transaction includes 104,414 unvested shares subject to restricted stock awards and 206,260 shares owned outright.
f4 there was no consideration given in exchange for the security.
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