4//SEC Filing
KELLY MICHAEL P 4
Accession 0000921895-20-000139
CIK 0000922521other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:18 PM ET
Size
5.1 KB
Accession
0000921895-20-000139
Insider Transaction Report
Form 4
KELLY MICHAEL P
Director
Transactions
- Award
Common Stock
2020-01-16+44,158→ 51,797 total
Footnotes (2)
- [F1]The restricted shares vest as follows: 2.5% of the shares vested immediately upon grant on January 16, 2020; 2.5% of the shares shall vest on May 31, 2020; 2.5% of the shares shall vest on May 31, 2021; 2.5% of the shares will vest on May 31, 2022; 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.
- [F2]These restricted shares replace the 4,415,838 shares that were forfeited by Mr. Kelly in 2019.
Documents
Issuer
FALCONSTOR SOFTWARE INC
CIK 0000922521
Entity typeother
Related Parties
1- filerCIK 0001201176
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:18 PM ET
- Size
- 5.1 KB