SEC Form 4 · accession 0000921895-15-001045
FALCONSTOR SOFTWARE INC · FALC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry Rubenstein
Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 24, 2015 · 5:41 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,F2 | Apr 22, 2015 | A | 10,000 | $0.00 | A | 991,000 | D | |
| Common StockF3 | holding | — | — | — | 496,800 | I | By Woodland Venture Fund | |
| Common StockF4 | holding | — | — | — | 131,323 | I | By Seneca Ventures | |
| Common StockF5 | holding | — | — | — | 957,257 | I | By Woodland Partners | |
| Common StockF6 | holding | — | — | — | 187,900 | I | By Brookwood Partners, L.P. | |
| Common Stock | holding | — | — | — | 1,258 | I | By Spouse |
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.
- F2Includes 100,000 shares held jointly by Barry Rubenstein and Marilyn Rubenstein (spouse).
- F3Held by Woodland Venture Fund. Mr. Rubenstein is a general partner of Woodland Venture Fund. Mr. Rubenstein disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F4Held by Seneca Ventures. Mr. Rubenstein is a general partner of Seneca Ventures. Mr. Rubenstein disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F5Held by Woodland Partners. Mr. Rubenstein is a general partner of Woodland Partners. Mr. Rubenstein disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F6Held by Brookwood Partners, L.P. Mr. Rubenstein is a general partner of Brookwood Partners, L.P. Mr. Rubenstein disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.