WEBER JAMES MICHAEL 4
4 · FALCONSTOR SOFTWARE INC · Filed Mar 11, 2009
Insider Transaction Report
Form 4
WEBER JAMES MICHAEL
V.P., CFO and Treasurer
Transactions
- Award
Stock Option (right to buy)
2009-03-09+160,000→ 160,000 totalExercise: $2.25Exp: 2019-03-09→ Common Stock (160,000 underlying) - Disposition to Issuer
Common Stock
2009-02-02−45,000→ 48,000 total - Award
Common Stock
2009-03-09+90,000→ 138,000 total
Footnotes (3)
- [F1]Consists of shares of restricted stock granted under the Company's 2006 Incentive Stock Plan, as amended. The shares were forfeited pursuant to the terms of their grant upon the determination that the Company did not meet certain performance goals during fiscal 2008.
- [F2]Consists of shares of restricted stock granted under the Company's 2006 Incentive Stock Plan, as amended. The restrictions will lapse as to 30,000 of the shares on March 9, 2010, an additional 30,000 of the shares on March 9, 2011, and the remaining 30,000 shares on March 9, 2012.
- [F3]The options were granted under the Company's 2006 Incentive Stock Plan, as amended. 53,333 of the options will become exercisable on March 9, 2010, an additional 53,333 of the options will become exercisable on March 9, 2011, and the remaining 53,334 options will become exercisable on March 9, 2012.