Diem Nguyen - Jan 27, 2024 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
Chief Executive Officer, Director
Signature
/s/ Diem Nguyen
Stock symbol
SIGA
Transactions as of
Jan 27, 2024
Transactions value $
$0
Form type
4
Date filed
1/30/2024, 05:04 PM
Previous filing
Jun 29, 2023
Next filing
Jun 7, 2024

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 +110K $0.00 110K Jan 27, 2024 Common Stock, par value $.0001 per share 110K $5.06 Direct F1
transaction SIGA Stock Option (Right to buy) Award $0 +219K $0.00 219K Jan 27, 2024 Common Stock, par value $.0001 per share 219K $5.06 Direct F2
transaction SIGA Restricted Stock Units Award $0 +168K $0.00 168K Jan 27, 2024 Common Stock, par value $.0001 per share 168K Direct F3
transaction SIGA Performance Stock Units Award $0 +178K $0.00 178K Jan 27, 2024 Common Stock, par value $.0001 per share 178K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest over two years, one-half on each of the first two anniversaries of the date of grant.
F2 The options vest over three years, one-third on each of the first three anniversaries of the date of grant.
F3 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.
F4 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 issued 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.