|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series A Preferred Stock | $ 0.75 (2) | 03/31/2005 | J(3) | $ 4,036 | (4) | 10/31/2011(5) | Common Stock | 5,381 | (3) | $ 273,092 | D | ||||
Series A Preferred Stock | $ 0.75 (2) | 06/30/2005 | J(3) | $ 4,096 | (4) | 10/31/2011(5) | Common Stock | 5,461 | (3) | $ 277,188 | D | ||||
Series A Preferred Stock | $ 0.75 (2) | 09/30/2005 | J(3) | $ 4,157 | (4) | 10/31/2011(5) | Common Stock | 5,543 | (3) | $ 281,345 | D | ||||
Series A Preferred Stock | $ 0.75 (2) | 12/31/2005 | J(3) | $ 4,220 | (4) | 10/31/2011(5) | Common Stock | 5,627 | (3) | $ 285,565 | D | ||||
Series A Preferred Stock | $ 0.75 (2) | 01/13/2006 | C | $ 286,137 | (4) | 10/31/2011(5) | Common Stock | 381,516 | (1) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TREPPEL JERRY 2500 MILLBROOK DRIVE BUFFALO GROVE, IL 60089 |
X |
Jerry I. Treppel | 02/10/2006 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On January 13, 2006, the reporting person was issued 381,516 shares of Akorn Common Stock upon the automatic conversion of his 2,500 shares of Series A 6% Convertible Preferred Stock with a $100 per share stated value plus accrued and unpaid dividends of $36,137 at a conversion price equal to $0.75 per share of common stock. |
(2) | Subject to adjustment. |
(3) | Voluntary reporting of dividend resulting from existing Series A 6% Participating Convertible Preferred Stock ownership. |
(4) | Immediately |
(5) | Mandatory redemption on this date. |
(6) | Held indirectly through Wheaton Capital Management LLC, an entity of which Mr. Treppel is the managing member. |