SEC Form 4 · accession 0001140361-15-025319
SIGA TECHNOLOGIES INC · SIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric A Rose M.D.
Officer — Chief Executive Officer · Director
Period of report
Jun 22, 2015
Accepted (ET)
Jun 24, 2015 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001010086
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.0001 per shareF1 | Jun 22, 2015 | S | 4,800 | $1.46 | D | 493,097 | D | |
| Common Stock, par value $.0001 per shareF1 | Jun 22, 2015 | S | 7,400 | $1.45 | D | 485,697 | D | |
| Common Stock, par value $.0001 per shareF1 | Jun 22, 2015 | S | 12,800 | $1.41 | D | 472,897 | D | |
| Common Stock, par value $.0001 per share | Jun 24, 2015 | M | 16,667 | $0.00 | A | 489,564 | D | |
| Common Stock, par value $.0001 per share | Jun 24, 2015 | M | 16,667 | $0.00 | A | 506,231 | D | |
| Common Stock, par value $.0001 per share | Jun 24, 2015 | M | 16,666 | $0.00 | A | 522,897 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Jun 24, 2015 | M | 16,667 | A | — | — | Common Stock, par value $.0001 per share | 16,667 | 33,333 | D |
| Restricted Stock UnitsF3 | — | Jun 24, 2015 | M | 16,667 | A | — | — | Common Stock, par value $.0001 per share | 16,667 | 100,000 | D |
| Restricted Stock UnitsF4 | — | Jun 24, 2015 | M | 16,666 | A | — | — | Common Stock, par value $.0001 per share | 16,666 | 166,668 | D |
Explanation of responses
- F1The Reporting Person is obligated to fund certain tax withholding obligations of SIGA Technologies, Inc. (the "Issuer") arising from the expected receipt of shares of Common Stock of the Issuer by the Reporting Person in connection with the vesting of restricted stock units and the subsequent delivery of shares of Common Stock in connection therewith. This Form 4 reports the sale by the Reporting Person of 25,000 shares of Common Stock, which shares of Common Stock were sold to raise the funds required to satisfy such withholding tax obligations.
- F2Represents vesting and conversion of certain RSUs granted on February 28, 2012. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.
- F3Represents vesting and conversion of certain RSUs granted on January 3, 2013. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.
- F4Represents vesting and conversion of certain RSUs granted on January 3, 2014. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.