SEC Form 4 · accession 0000921895-15-001043
FALCONSTOR SOFTWARE INC · FALC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Irwin Lieber
Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 24, 2015 · 5:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922521
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 | 1,763,827 | D | |
| Common StockF2 | holding | — | — | — | 164,000 | I | By Buckland Focus Fund |
Table II — derivative securities
No Table II lines on this filing.
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.
- F2Mr. Lieber is a general partner of Buckland Focus Fund. Mr. Lieber disclaims beneficial ownership of these securities except to the extent of his equity interest therein.