SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 22)*
Common Stock, no par value
009728 10 6
John N. Kapoor
1925 West Field Court, Suite 300
Lake Forest, IL 60045
May 11, 2017
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the act (however, see the Notes).
CUSIP No. 009728 10 6
|1||Names of Reporting Persons: I.R.S. Identification Nos. of Above Persons (entities only):|
|John N. Kapoor|
|2||Check the Appropriate Box if a Member of a Group (See Instructions):|
|3||SEC Use Only:|
|4||Source of Funds (See Instruction):|
|5||Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): ¨|
|6||Citizenship or Place of Organization:|
|7||Sole Voting Power:|
Number of Shares
|8||Shared Voting Power:|
|9||Sole Dispositive Power:|
|10||Shared Dispositive Power:|
|11||Aggregate Amount Beneficially Owned by Each Reporting Person:|
|12||Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨|
|13||Percent of Class Represented by Amount in Row (11):|
|25.3% based on 124,555,268 shares of common stock outstanding1|
|14||Type of Reporting Person (See Instructions):|
1As of April 28, 2017 per Akorn, Inc. Quarterly Report on Form 10-Q filed May 4, 2017.
This Amendment No. 22 (the “Amendment”) to Schedule 13D amends and restates, where indicated, the statement on Schedule 13D, as previously amended, in relation to the beneficial ownership of Common Stock of Akorn, Inc., a Louisiana corporation (the “Company” or “Akorn”).
This Amendment is being filed to disclose the transactions described in Item 5(c) below. Except as otherwise set forth herein, this Amendment does not modify any of the information previously included in the Schedule 13D.
(a) – (b):
The Facing Page for Dr. Kapoor sets forth the aggregate number and percentage of common stock, no par value (the “Common Stock”), of Akorn of which Dr. Kapoor is the beneficial owner.
The shares of Common Stock reported on the Facing Page over which Dr. Kapoor has sole dispositive and voting power include the following:
(i) 519,616 shares of Common Stock owned directly by Dr. Kapoor, which amount includes 16,555 shares held pursuant to options exercisable currently or within sixty days of the date hereof, and 1,165 restricted stock units scheduled to vest within sixty days of the date hereof;
(ii) 1,907,445 shares of Common Stock owned by the John N. Kapoor Trust dated September 20, 1989 (the “Trust”), of which Dr. Kapoor is the sole trustee and beneficiary;
(iii) 3,590,445 shares of Common Stock owned by EJ Funds LP, a Delaware limited partnership, of which EJ Financial Enterprises, Inc., a Delaware corporation, is the managing general partner (Dr. Kapoor serves as President and Chairman of the Board of the managing general partner and is its sole owner);
(iv) 4,427,462 shares of Common Stock owned by several trusts, the trustee of which is an employee of EJ Financial Enterprises, Inc. and the beneficiaries of which are Dr. Kapoor’s children and various other family members;
(v) 2,970,644 shares of Common Stock owned by EJ Financial / Akorn Management L.P., a Delaware limited partnership, of which Pharma Nevada, Inc., a Nevada corporation, is the managing general partner (Dr. Kapoor serves as President and Chairman of the Board of the managing general partner and is its sole owner);
(vi) 15,050,000 shares of Common Stock owned by Akorn Holdings, LP, a Delaware limited partnership, of which EJ Financial Enterprises, Inc. is the general managing partner.
The shares of Common Stock reported on the Facing Page over which Dr. Kapoor has shared dispositive and voting power consists of 3,055,079 shares held by the John and Editha Kapoor Charitable Foundation (the “Foundation”). Dr. Kapoor shares voting and dispositive power of the shares held by the Foundation with his daughter.
(c) On May 11, 2017, the Trust gifted 3,000,079 shares of Common Stock to the Foundation. Dr. Kapoor shares voting and dispositive power of the shares held by the Foundation with his daughter.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|May 19, 2017||/s/ Dr. John N. Kapoor|
|Dr. John N. Kapoor|