OXENHORN ELI 4
4 · FALCONSTOR SOFTWARE INC · Filed May 10, 2011
Insider Transaction Report
Form 4
OXENHORN ELI
Director
Transactions
- Award
Common Stock
2011-05-09+10,000→ 1,016,000 total
Holdings
- 90,000(indirect: By Partnership)
Common Stock
Footnotes (2)
- [F1]Represents shares of Restricted Stock granted under the FalconStor Software 2010 Outside Directors Equity Compensation Plan. The restrictions will lapse as to 33% of the shares on the date of each of the Company's next two annual meetings of stockholders. The restrictions will lapse as to the remaining 34% of the shares on the date of the Company's 2014 annual meeting of stockholders.
- [F2]Mr. Oxenhorn is the general partner of the Eli Oxenhorn Family Limited Partnership. Mr. Oxenhorn disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.