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SIGA TECHNOLOGIES INC Director's Dealing 2009

Feb 10, 2009

32600_dirs_2009-02-10_f953fe8f-9ac0-4935-8b27-4de898bf4eb3.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SIGA TECHNOLOGIES INC (SIGA)
CIK: 0001010086
Period of Report: 2009-02-01

Reporting Person: Dugary Ayelet (Acting Chief Financial Officer)

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to buy) $1.50 2014-12-15 Common Stock, par value $.0001 per share (140000) Direct
Stock Option (Right to buy) $3.10 2017-07-26 Common Stock, par value $.0001 per share (25000) Direct

Footnotes

F1: The option with respect to 15,000 shares vested on June 15, 2005. The option with respect to 75,000 shares vested pro rata on the 15th of every month from July 15, 2005 to December 15, 2008. The option with respect to 50,000 shares vests pro rata in monthly installments on the 15th of every month; the first such monthly installment vested on December 15, 2005 and the final such monthly installment will vest on November 15, 2009.

F2: The option vests pro rata in three installments. The first installment vested on July 26, 2008, and the next two installments will vest on July 26, 2009 and July 26, 2010.