FALCONSTOR SOFTWARE INC 4
4 · FALCONSTOR SOFTWARE INC · Filed May 9, 2017
Insider Transaction Report
Form 4
MILLER WILLIAM D
Director
Transactions
- Award
Common Stock
2017-05-08+21,139→ 136,848 total
Holdings
- 2,600(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]Represents 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.
- [F2]Securities 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.