SEC Form 4 · accession 0001140361-18-036816
SIGA TECHNOLOGIES INC · SIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric A Rose M.D.
Officer — Executive Chairman · Director
Period of report
Aug 20, 2018
Accepted (ET)
Aug 22, 2018 · 6:10 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 | Aug 20, 2018 | M | 400,000 | $2.49 | A | 1,133,267 | D | |
| Common Stock, par value $.0001 per shareF1 | Aug 20, 2018 | F | 234,277 | $7.98 | D | 898,990 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to buy)F2 | $2.49 | Aug 20, 2018 | M | 400,000 | D | — | Nov 14, 2018 | Common Stock, par value $.0001 per share | 400,000 | 0 | D |
Explanation of responses
- F1This Form 4 reports the exercise of options for 400,000 shares of common stock of SIGA Technologies, Inc. (the "Issuer") and the related surrender to the Issuer of 234,277 shares of common stock of the Issuer by the Reporting Person in order to (i) effect the option exercise and (ii) satisfy certain tax withholding obligations of the Issuer associated with the exercise of options and the consequent issuance of common stock of the Issuer. No shares of common stock of the Issuer were sold by the Reporting Person in a market transaction.
- F2The options with respect to 100,000 shares vested pro rata on the first, second and third anniversaries of the date of grant. The options with respect to the remaining 300,000 shares vested upon achievement of certain milestones.