4//SEC Filing
KELLY MICHAEL P 4
Accession 0000921895-19-001725
CIK 0000922521other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 4:18 PM ET
Size
5.1 KB
Accession
0000921895-19-001725
Insider Transaction Report
Form 4
KELLY MICHAEL P
Director
Transactions
- Award
Common Stock
2019-05-31+4,415,838→ 5,179,753 total
Footnotes (1)
- [F1]The restricted shares vest as follows: 2.5% of the shares vested immediately upon grant on May 31, 2019 (the "Grant Date"); 2.5% of the shares shall vest on the first anniversary of the Grant Date; 2.5% of the shares shall vest on the second anniversary of the Grant Date; 2.5% of the shares will vest on the third anniversary of the grant date; 45% of the shares shall vest upon preferred investors receiving cash proceeds in return on their invested capital in the Issuer; and 45% of the shares shall vest upon a change of control of the Issuer.
Documents
Issuer
FALCONSTOR SOFTWARE INC
CIK 0000922521
Entity typeother
Related Parties
1- filerCIK 0001201176
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 4:18 PM ET
- Size
- 5.1 KB