LAM WAYNE 4
4 · FALCONSTOR SOFTWARE INC · Filed Feb 25, 2005
Insider Transaction Report
Form 4
LAM WAYNE
Vice President
Transactions
- Exercise/Conversion
Common Stock
2005-02-24$0.35/sh+50,000$17,315→ 98,003 total - Exercise/Conversion
Stock Option (right to buy)
2005-02-24−50,000→ 108,213 totalExercise: $0.35Exp: 2010-04-30→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]The options vest according to the following schedule: 33% vest on each of the first two anniversaries of the grant; 34% vest on the third anniversary of the grant.