SIGA TECHNOLOGIES INC — Director's Dealing 2010

Oct 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIGA TECHNOLOGIES INC (SIGA)
CIK: 0001010086
Period of Report: 2010-10-14

Reporting Person: SAVAS PAUL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-14	Common Stock	X	8531	$1.8288	Acquired	121840	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-14	Warrant (right to buy)	$1.8288	X	8531	Disposed	2010-10-14	Common Stock (8531)	Direct

Footnotes

F1: Acquired pursuant to the exercise of the warrants described in Table II.

F2: Includes 85,000 shares of common stock issuable upon exercise of options.

F3: These warrants were previously reported as the right to buy 7,813 shares of common stock of SIGA Technologies, Inc. ("SIGA") at an exercise price of $2.00 per share, but, pursuant to the anti-dilution provisions of the warrants, were adjusted to reflect the effects of certain of SIGA's subsequent issuances.