Joseph W. Marshall III - Jun 14, 2022 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
Director
Signature
/s/ Joseph W. Marshall III
Stock symbol
SIGA
Transactions as of
Jun 14, 2022
Transactions value $
-$70,271
Form type
4
Date filed
6/16/2022, 05:45 PM
Previous filing
Jan 3, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIGA Common Stock, par value $.0001 per share Options Exercise +22.8K +13.21% 196K Jun 14, 2022 Direct F1
transaction SIGA Common Stock, par value $.0001 per share Disposed to Issuer -$70.3K -6.85K -3.5% $10.26 189K Jun 14, 2022 Direct F2

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 Restricted Stock Units Options Exercise $0 -22.8K -100% $0.00* 0 Jun 14, 2022 Common Stock, par value $.0001 per share 22.8K Direct F1, F3
transaction SIGA Restricted Stock Units Award $0 +14.6K $0.00 14.6K Jun 14, 2022 Common Stock, par value $.0001 per share 14.6K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.
F2 Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 17, 2021. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.
F3 The RSUs were granted on June 15, 2021, and fully vested on the date of the Company's 2022 annual meeting of stockholders.
F4 RSUs represent contingent rights to receive common stock of the Company on a one-for-one basis, of which up to 4,386 RSUs are expected to settle in cash value thereof but may be settled in shares at the discretion of the board of directors.
F5 The RSUs fully vest on the date of the Company's 2023 annual meeting of stockholders.