SEC Form 4 · accession 0000921895-17-001368
FALCONSTOR SOFTWARE INC · FALC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Miller
Director
Period of report
May 8, 2017
Accepted (ET)
May 9, 2017 · 6:25 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 | May 8, 2017 | A | 21,139 | $0.00 | A | 136,848 | D | |
| Common StockF2 | holding | — | — | — | 2,600 | I | By: PV Strategies LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Restricted Stock granted to the Reporting Person under the Issuer's 2016 Outside Directors Equity Compensation Plan in consideration for services performed as a member of the Board of Directors of the Issuer for the first quarter of 2017. The shares of Restricted Stock were fully vested on the date of grant.
- F2Securities owned directly by PV Strategies LLC, a hedge fund managed by Miller Investment Management LLC, a registered investment adviser of which Mr. Miller is a principal. Mr. Miller, as a principal of Miller Investment Management LLC, may be deemed the beneficial owner of the securities owned by PV Strategies LLC. Mr. Miller disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Miller is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.