HCP-FVA, LLC 4
4 · FALCONSTOR SOFTWARE INC · Filed Feb 28, 2018
Insider Transaction Report
Form 4
HCP-FVA, LLC
Director10% Owner
Transactions
- Award
Warrants
2018-02-23+41,577,382→ 41,577,382 totalExercise: $0.00From: 2018-02-23Exp: 2028-02-23→ Common Stock (41,577,382 underlying) - Award
Warrants
2018-02-23+366,990,000→ 366,990,000 totalExercise: $0.00Exp: 2028-02-23→ Common Stock (366,990,000 underlying)
Footnotes (2)
- [F1]The warrants reported herein were issued by Falconstor Software, Inc. (the "Issuer") to HCP-FVA, LLC, a Delaware limited liability company ("HCP-FVA"), in consideration for HCP-FVA backstopping that certain private placement of units (the "Financing") contemplated by that certain commitment letter, dated as of November 17, 2017, by and between Hale Capital Partners, LP and the Issuer (the "Commitment").
- [F2]The warrants reported herein were issued by the Issuer to HCP-FVA in connection with its purchase of $3,000,000 of units in the Financing upon the closing of the Commitment. The warrants are exercisable following receipt of stockholder approval to amend the Issuer's Certificate of Incorporation to increase the number of authorized shares of its common stock in order to permit the exercise of the warrants.