Sita Vincent 4
4 · FALCONSTOR SOFTWARE INC · Filed Mar 2, 2022
Insider Transaction Report
Form 4
Sita Vincent
Chief Financial Officer
Transactions
- Award
Common Stock
2022-02-11+56,615→ 56,615 total
Footnotes (1)
- [F1]The restricted shares vest as follows: 2.5% of the shares vested immediately upon grant on February 11, 2022 (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.