4//SEC Filing
Luckshire Daniel J 4
Accession 0001140361-18-045213
CIK 0001010086other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 5:04 PM ET
Size
9.3 KB
Accession
0001140361-18-045213
Insider Transaction Report
Form 4
Luckshire Daniel J
Executive VP & CFO
Transactions
- Exercise/Conversion
Common Stock, par value $.0001 per share
2018-12-12$3.53/sh+58,965$208,146→ 234,679 total - Tax Payment
Common Stock, par value $.0001 per share
2018-12-12$6.38/sh−28,614$182,557→ 206,065 total - Exercise/Conversion
Stock-Settled Stock Appreciation Rights
2018-12-12−132,000→ 0 totalExercise: $3.53Exp: 2019-02-02→ Common Stock, par value $.0001 per share (132,000 underlying)
Footnotes (3)
- [F1]This Form 4 reports the exercise of 132,000 stock-settled appreciation rights ("SSARs") for shares of common stock of SIGA Technologies, Inc. (the "Issuer") granted on February 2, 2012 and the related surrender to the Issuer of 28,614 shares of common stock of the Issuer by the Reporting Person in order to satisfy certain tax withholding obligations of the Issuer associated with the exercise of SSARs 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.
- [F2]Each SSAR consists of the right to receive an amount, in common stock, equal to the excess of the fair market value of a share of common stock of the Issuer (subject to a cap on the fair market value at $11.00 per share) on the date of exercise over the exercise price of such SSAR. The number of shares of common stock issued was determined by dividing the total of all exercised SSARs by the fair market value of a share of common stock of the Issuer on the date of exercise.
- [F3]The SSARs vested in equal yearly installments over a period of three (3) years, with the first 1/3 of such SSARs vesting on February 2, 2013, the second 1/3 of such SSARs vesting on February 2, 2014, and the remaining 1/3 of such SSARs vesting on February 2, 2015.
Documents
Issuer
SIGA TECHNOLOGIES INC
CIK 0001010086
Entity typeother
Related Parties
1- filerCIK 0001512677
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 5:04 PM ET
- Size
- 9.3 KB