HCP-FVA, LLC 4
4 · FALCONSTOR SOFTWARE INC · Filed Dec 20, 2018
Insider Transaction Report
Form 4
HCP-FVA, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Warrants
2018-12-18−303,379,065→ 1,543,630 totalExercise: $0.00→ Common Stock (303,379,065 underlying) - Exercise/Conversion
Common Stock
2018-12-18$0.00/sh+303,379,065$303,379→ 357,601,020 total
Footnotes (3)
- [F1]HCP-FVA, LLC ("HCP-FVA"), a Delaware limited liability company, exercised that certain Financing Unit Warrant, dated February 23, 2018 (the "Financing Unit Warrant"), to purchase 303,379,065 shares of common stock (the "Common Stock") of Falconstor Software, Inc. (the "Issuer").
- [F2]The Financing Unit Warrant is presently exercisable and expires on February 23,2028, unless the expiration date of the Financing Unit Warrant is accelerated by the Issuer in accordance with the terms of the Financing Unit Warrant. The Issuer accelerated the expiration date of the Financing Unit Warrant to December 31, 2018.
- [F3]Represents the remaining backstop warrants held by HCP-FVA to purchase 1,543,630 shares of Common Stock as set forth in the previous filings of HCP-FVA.