DURNAN JAYMIE A 4
4 · SIGA TECHNOLOGIES INC · Filed Jun 16, 2022
Insider Transaction Report
Form 4
DURNAN JAYMIE A
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-06-14−22,831→ 0 total→ Common Stock, par value $.0001 per share (22,831 underlying) - Award
Restricted Stock Units
2022-06-14+14,620→ 14,620 total→ Common Stock, par value $.0001 per share (14,620 underlying) - Exercise/Conversion
Common Stock, par value $.0001 per share
2022-06-14+22,831→ 37,831 total - Disposition to Issuer
Common Stock, par value $.0001 per share
2022-06-14$10.26/sh−6,849$70,271→ 30,982 total
Footnotes (5)
- [F1]Restricted stock units ("RSUs") represent contingent rights to receive common stock of SIGA Technologies, Inc. (the "Company") on a one-for-one basis.
- [F2]Reflects RSUs that were cash-settled, per the terms of the compensation program for Board Directors and as noted on the Form 4 filed on June 17, 2021. Partial cash-settlement of RSUs under the Board compensation program is designed to address tax obligations in connection with the vesting of RSUs.
- [F3]The RSUs were granted on June 15, 2021, and fully vested on the date of the Company's 2022 annual meeting of stockholders.
- [F4]RSUs represent contingent rights to receive common stock of the Company on a one-for-one basis, of which up to 4,386 RSUs are expected to settle in cash value thereof but may be settled in shares at the discretion of the board of directors.
- [F5]The RSUs fully vest on the date of the Company's 2023 annual meeting of stockholders.