AI assistant
SIGA TECHNOLOGIES INC — Director's Dealing 2017
Jan 5, 2017
32600_dirs_2017-01-05_72189202-af96-46bf-85db-45323899de41.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SIGA TECHNOLOGIES INC (SIGA)
CIK: 0001010086
Period of Report: 2017-01-03
Reporting Person: ROSE ERIC A MD (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-03 | Common Stock, par value $.0001 per share | M | 66667 | — | Acquired | 714430 | Direct |
| 2017-01-03 | Common Stock, par value $.0001 per share | F | 29502 | $2.93 | Disposed | 684928 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-03 | Restricted Stock Units | $ | M | 66667 | Disposed | Common Stock, par value $.0001 per share (66667) | 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 29,502 shares of Common Stock -- granted in the form of RSUs on January 3, 2014 -- in order to satisfy those withholding tax obligations.
F2: Represents vesting and conversion of certain RSUs granted on January 3, 2014. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.