Gary J. Nabel - 13 Jun 2023 Form 4 Insider Report for SIGA TECHNOLOGIES INC (SIGA)

Role
Director
Signature
/s/ Gary Nabel
Issuer symbol
SIGA
Transactions as of
13 Jun 2023
Transactions value $
-$26,623
Form type
4
Filing time
15 Jun 2023, 17:15:27 UTC
Previous filing
19 May 2023
Next filing
29 Jun 2023
SEC
View on sec.gov

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 +14,620 +91% 30,602 13 Jun 2023 Direct F1
transaction SIGA Common Stock, par value $.0001 per share Disposed to Issuer -$26,623 -4,386 -14% $6.07 26,216 13 Jun 2023 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 -14,620 -100% $0* 0 13 Jun 2023 Common Stock, par value $.0001 per share 14,620 Direct F1, F3
transaction SIGA Restricted Stock Units Award $0 +24,712 $0 24,712 13 Jun 2023 Common Stock, par value $.0001 per share 24,712 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 16, 2022. 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 14, 2022, and fully vested on the date of the Company's 2023 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 7,414 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 2024 annual meeting of stockholders.