Larry R. Miller - Mar 25, 2024 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
General Counsel
Signature
/s/ Larry R. Miller
Stock symbol
SIGA
Transactions as of
Mar 25, 2024
Transactions value $
-$158,984
Form type
4
Date filed
3/27/2024, 04:16 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIGA Common Stock, par value $.0001 per share Award $0 +49.9K $0.00 49.9K Mar 25, 2024 Direct
transaction SIGA Common Stock, par value $.0001 per share Tax liability -$159K -19K -38.13% $8.35 30.9K Mar 25, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SIGA Stock Option (Right to buy) Award $0 +61.3K $0.00 61.3K Mar 25, 2024 Common Stock, par value $.0001 per share 61.3K $8.35 Direct F2
transaction SIGA Stock Option (Right to buy) Award $0 +25.5K $0.00 25.5K Mar 25, 2024 Common Stock, par value $.0001 per share 25.5K $8.35 Direct F3
transaction SIGA Restricted Stock Units Award $0 +20.8K $0.00 20.8K Mar 25, 2024 Common Stock, par value $.0001 per share 20.8K Direct F4
transaction SIGA Performance Stock Units Award $0 +20.8K $0.00 20.8K Mar 25, 2024 Common Stock, par value $.0001 per share 20.8K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding by SIGA Technologies, Inc. of shares of Common Stock (based on $8.35 per share, the closing stock price on March 25, 2024) to satisfy tax withholding obligations associated with the grant of Common Stock reported herein that immediately vested upon grant.
F2 The options vest over two years, one-half on each of the first two anniversaries of the date of grant.
F3 The options vest over three years, one-third on each of the first three anniversaries of the date of grant.
F4 Restricted stock units ("RSUs") represent contingent rights to receive Common Stock on a one-for-one basis. The RSUs vest over three years, one-third on each of the first three anniversaries of the date of grant.
F5 Performance stock units ("PSUs") represent contingent rights to receive Common Stock on a one-for-one basis. These PSUs vest as follows: (a) one-third of these PSUs vest if, during any period of 90 consecutive trading days during the three-year period beginning on the grant date (the "Performance Period"), the Issuer's Common Stock closing stock price (plus the per share value of any dividends declared during the measurement date) (the "Stock Price") is at or above $7.00, (b) one-third of these PSUs vest, if during any period of 90 consecutive trading days during the Performance Period, the Stock Price is at or above $8.00, and (c) one-third of these PSUs vest, if during any 90 consecutive trading days during the Performance Period, the Stock Price is at or above $9.00.