SEC Form 4 · accession 0000921895-15-001040
FALCONSTOR SOFTWARE INC · FALC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 22, 2015 | A | 10,000 | $0.00 | A | 20,000 | D |
Table II — derivative securities
Explanation of responses
- F1Represents shares of Restricted Stock granted under the FalconStor Software 2013 Outside Directors Equity Compensation Plan. The restrictions will lapse as to 33% of the shares on the date of each of the Company's next two annual meetings of stockholders. The restrictions will lapse as to the remaining 34% of the shares on the date of the Company's 2018 annual meeting of stockholders.
Remarks
Mr. Hale serves on the Board of Directors of the Issuer as a representative of HCP-FVA, LLC, a Delaware limited liability company ("HCP-FVA"). Accordingly, Hale Capital Partners, LP, a Delaware limited partnership and the sole member of HCP-FVA ("HCP") , Hale Fund Partners, LLC, a Delaware limited liability company and the general partner of HCP ("HFP"), Hale Fund Management, LLC, a Delaware limited liability company and the general partner of HCM (defined below) and the manager of HCP-FVA ("HFM"), Hale Capital Management, LP, the manager of HCP ("HCM"), and HCP-FVA may be deemed directors by deputization by virtue of the fact Mr. Hale currently serves on the Board of Directors of the Issuer.