SEC Form 4 · accession 0001140361-18-043706
SIGA TECHNOLOGIES INC · SIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip Louis Gomez III
Officer — Chief Executive Officer · Director
Period of report
Nov 22, 2018
Accepted (ET)
Nov 26, 2018 · 6:48 pm EST
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 share | Nov 22, 2018 | M | 588,236 | $0.00 | A | 603,236 | D | |
| Common Stock, par value $.0001 per shareF1 | Nov 22, 2018 | F | 287,543 | $5.55 | D | 315,693 | 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 UnitsF1,F2 | — | Nov 22, 2018 | M | 588,236 | D | — | — | Common Stock, par value $.0001 per share | 588,236 | 294,117 | D |
Explanation of responses
- F1SIGA Technologies, Inc. (the "Issuer") has certain tax withholding obligations associated with the vesting of restricted stock units ("RSUs") and the consequent issuance of Common Stock of the Issuer. This Form 4 reports the surrender to the Issuer by the Reporting Person of 287,543 shares of Common Stock -- granted in the form of RSUs on November 22, 2016 -- in order to satisfy those withholding tax obligations.
- F2Represents vesting of certain RSUs granted on November 22, 2016 and the consequent issuance of Common Stock of the Issuer to the Reporting Person. The RSUs vest over three years, one-third on each of the first three anniversaries of the date of grant. The shares of Common Stock reported in this Form 4 were issued in respect of RSUs that vested on November 22, 2017 and November 22, 2018. Each RSU converts into one share of Common Stock of the Issuer on a one for one basis.