4//SEC Filing
Miller Larry R. 4
Accession 0000950170-25-056371
CIK 0001010086other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 5:00 PM ET
Size
13.8 KB
Accession
0000950170-25-056371
Insider Transaction Report
Form 4
Miller Larry R.
General Counsel
Transactions
- Tax Payment
Common Stock, par value $.0001 per share
2025-04-18$5.99/sh−3,532$21,157→ 38,444 total - Award
Performance Stock Units
2025-04-18+13,841→ 13,841 total→ Common Stock, par value $.0001 per share (13,841 underlying) - Disposition to Issuer
Performance Stock Units
2025-04-18−13,841→ 0 total→ Common Stock, par value $.0001 per share (13,841 underlying) - Exercise/Conversion
Common Stock, par value $.0001 per share
2025-04-18+6,920→ 41,976 total - Exercise/Conversion
Performance Stock Units
2025-04-18+6,920→ 13,841 total→ Common Stock, par value $.0001 per share (6,920 underlying)
Footnotes (3)
- [F1]On April 18, 2025, the Issuer's Board of Directors approved an amendment of the outstanding performance stock units ("PSUs") previously granted to the reporting person on March 25, 2024, to account for the Issuer's payment of a special cash dividend of $0.60 per share in April 2024 that would have applied to such PSUs based on the reporting person's actual period of service with the Issuer. As modified, the relevant stock price hurdles for these PSUs were each lowered by $0.60 such that (a) 6,920 PSUs vested immediately, (b) 6,920 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 $7.40, and (c) 6,921 PSUs vest, if during any 90 consecutive trading days during the Performance Period, the Stock Price is at or above $8.40.
- [F2]Represents the withholding by SIGA Technologies, Inc. of shares of Common Stock (based on $5.99 per share, the closing stock price on April 17, 2025) to satisfy tax withholding obligations associated with the vesting of PSUs and the consequent issuance of Common Stock.
- [F3]PSUs represent contingent rights to receive Common Stock on a one-for-one basis.
Documents
Issuer
SIGA TECHNOLOGIES INC
CIK 0001010086
Entity typeother
Related Parties
1- filerCIK 0002016490
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 5:00 PM ET
- Size
- 13.8 KB