Miller Larry R. 4
4 · SIGA TECHNOLOGIES INC · Filed Mar 27, 2024
Insider Transaction Report
Form 4
Miller Larry R.
General Counsel
Transactions
- Tax Payment
Common Stock, par value $.0001 per share
2024-03-25$8.35/sh−19,040$158,984→ 30,900 total - Award
Stock Option (Right to buy)
2024-03-25+61,347→ 61,347 totalExercise: $8.35Exp: 2034-03-25→ Common Stock, par value $.0001 per share (61,347 underlying) - Award
Stock Option (Right to buy)
2024-03-25+25,504→ 25,504 totalExercise: $8.35Exp: 2034-03-25→ Common Stock, par value $.0001 per share (25,504 underlying) - Award
Restricted Stock Units
2024-03-25+20,761→ 20,761 total→ Common Stock, par value $.0001 per share (20,761 underlying) - Award
Performance Stock Units
2024-03-25+20,761→ 20,761 total→ Common Stock, par value $.0001 per share (20,761 underlying) - Award
Common Stock, par value $.0001 per share
2024-03-25+49,940→ 49,940 total
Footnotes (5)
- [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.