4//SEC Filing
KELLY MICHAEL P 4
Accession 0000921895-18-003161
CIK 0000922521other
Filed
Nov 26, 7:00 PM ET
Accepted
Nov 27, 4:21 PM ET
Size
16.5 KB
Accession
0000921895-18-003161
Insider Transaction Report
Form 4
KELLY MICHAEL P
Director
Transactions
- Sale
Common Stock
2018-11-19$0.05/sh−30,000$1,455→ 10,000 total - Sale
Common Stock
2018-11-16$0.05/sh−34,773$1,739→ 75,000 total - Award
Series A Convertible Preferred Stock
2018-10-09$0.27/sh+1,405$381→ 1,405 total→ Common Stock (13,709 underlying) - Sale
Common Stock
2018-11-20$0.04/sh−10,000$440→ 0 total - Other
Common Stock
2018-03-01−104,217→ 109,773 total - Sale
Common Stock
2018-11-16$0.05/sh−35,000$1,768→ 40,000 total - Award
Warrants
2018-10-09+763,915→ 763,915 totalExercise: $0.00Exp: 2028-02-23→ Common Stock (763,915 underlying)
Footnotes (5)
- [F1]Represents shares of restricted stock that were forfeited by the Reporting Person.
- [F2]The warrants reported herein were issued by the Issuer to the Reporting Person in connection with its purchase of 62,447 units (each, a "Unit") in a private placement ("Financing"). The warrants are exercisable at any time prior to the expiration date.
- [F3]The reported securities are included with 62,447 Units purchased by the Reporting Person for $0.371063 per Unit. Each Unit consists of (a) $0.10 in Issuer's senior secured debt, (b) warrants to purchase 12.233 shares of the Issuer's common stock, and (c) 0.0225 shares of the Issuer's Series A Convertible Preferred Stock (the "Preferred Stock") at a per Unit price of $0.271063 (subject to certain adjustments).
- [F4]Each share of Preferred Stock of the Issuer has a stated value of $10 (the "Stated Value"). Each share of Preferred Stock is initially convertible into such number of shares of common stock determined by dividing the Stated Value by $1.02488, the initial conversion price of the Preferred Stock. The conversion price of the Preferred Stock is subject to adjustment from time to time in accordance with the terms of the Certificate of Designations of the Preferred Stock, including for accrued but unpaid dividends.
- [F5]The Preferred Stock is convertible at any time, at the holder's election, into common stock of the Issuer and has no expiration date. The Preferred Stock accrues dividends which may, under circumstances, be paid in shares of common stock.
Documents
Issuer
FALCONSTOR SOFTWARE INC
CIK 0000922521
Entity typeother
Related Parties
1- filerCIK 0001201176
Filing Metadata
- Form type
- 4
- Filed
- Nov 26, 7:00 PM ET
- Accepted
- Nov 27, 4:21 PM ET
- Size
- 16.5 KB