SEC Form 4 · accession 0000921895-17-000709
FALCONSTOR SOFTWARE INC · FALC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Murale
Officer — EVP, CFO & Treasurer
Period of report
Mar 13, 2017
Accepted (ET)
Mar 15, 2017 · 5:20 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 | holding | — | — | — | 10,015 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $0.40 | Mar 13, 2017 | A | 200,000 | A | — | Mar 13, 2027 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Includes 6,700 shares of restricted stock granted on April 21, 2015 under the Company's 2006 Incentive Stock Plan, as amended, of which 3,300 vest on April 21, 2017 and 3,400 vest on April 21, 2018.
- F2These options were granted under the Company's 2016 Incentive Stock Plan, 1/2 of which vest on March 13, 2018 and the remaining 1/2 vest on March 13, 2019.