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SIGA TECHNOLOGIES INC — Director's Dealing 2014
Jan 7, 2014
32600_dirs_2014-01-07_76027ffe-b106-492f-b98b-ce4cd3fbe9ea.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SIGA TECHNOLOGIES INC (SIGA)
CIK: 0001010086
Period of Report: 2014-01-03
Reporting Person: ROSE ERIC A MD (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-03 | Common Stock, par value $.0001 per share | M | 66666 | — | Acquired | 462753 | Direct |
| 2014-01-03 | Common Stock, par value $.0001 per share | F | 29033 | $3.35 | Disposed | 433720 | Direct |
| 2014-01-03 | Common Stock, par value $.0001 per share | P | 0 | — | Acquired | 13300 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-03 | Restricted Stock Units | $ | M | 66666 | Disposed | Common Stock, par value $.0001 per share (66666) | Direct | |
| 2014-01-03 | Restricted Stock Units | $ | A | 200000 | Acquired | Common Stock, par value $.0001 per share (200000) | Direct |
Footnotes
F1: SIGA Technologies, Inc. (the "Issuer") has certain tax withholding obligations associated with the vesting of restricted stock units ("RSUs") and the consequent issuance of Common Stock of the Issuer. This Form 4 reports the surrender to the Issuer by the Reporting Person of 29,033 shares of Common Stock -- granted in the form of RSUs approximately one year ago -- in order to satisfy those withholding tax obligations. The Reporting Person reported the initial grant on January 7, 2013.
F2: Represents vesting of one-third of RSUs granted on January 3, 2013. The second 1/3 of such RSUs vest on January 3, 2015 and the remaining 1/3 of such RSUs vest on January 3, 2016. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.
F3: The RSUs vest in equal yearly installments over a period of three (3) years, with the first 1/3 of such RSUs vesting on January 3, 2015, the second 1/3 of such RSUs vesting on January 3, 2016 and the remaining 1/3 of such RSUs vesting on January 3, 2017. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis