MCNIEL JAMES P 4
4 · FALCONSTOR SOFTWARE INC · Filed Jan 13, 2011
Insider Transaction Report
Form 4
MCNIEL JAMES P
Interim President and CEO
Transactions
- Award
Common Stock
2011-01-11+90,000→ 163,107 total - Award
Stock Option (right to buy)
2011-01-11+300,000→ 300,000 totalExercise: $3.22Exp: 2021-01-11→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Represents shares of Restricted Stock granted under the Company's 2006 Incentive Stock Plan, as amended. The restrictions will lapse as to 50% of the shares on January 11, 2012, and the restrictions will lapse as to the remaining 50% of the shares on January 11, 2013.
- [F2]The options were granted under the Company's 2006 Incentive Stock Plan, as amended. 99,000 of the options will become exercisable on January 11, 2012, an additional 99,000 of the options will become exercisable January 11, 2013 and the remaining 102,000 options will become exercisable on January 1, 2014.