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News Breaks | | | | September 24, 2012 | | 11:38 EDT |  | AKRX | Akorn's Chairman adopts 10B5-1 sale plan for up to 4M shares
Akorn announced that its Chairman, Dr. John N. Kapoor, on his own behalf and on behalf of several trusts of which he is a trustee, have each established pre-arranged trading plans to sell a portion of their shares in the Company over a designated period for estate planning purposes. The plans were adopted in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934. Dr. Kapoor’s plans call for the sale of up to 4,000,000 shares if certain conditions are met. The sales may begin in September and will be completed by the end of December 2012. | |
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