HCP-FVA, LLC 4
4 · FALCONSTOR SOFTWARE INC · Filed May 22, 2019
Insider Transaction Report
Form 4
HCP-FVA, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2019-05-21$0.00/sh+1,518,107$1,518→ 359,119,127 total - Exercise/Conversion
Warrants
2019-05-21−1,543,630→ 0 totalExercise: $0.00→ Common Stock (1,518,107 underlying)
Footnotes (2)
- [F1]HCP-FVA, LLC ("HCP-FVA"), a Delaware limited liability company, exercised that certain Backstop Warrant, dated February 23, 2018 (the "Backstop Warrant"), to purchase 1,543,630 shares of common stock ("Common Stock") of Falconstor Software, Inc. (the "Issuer") on a cashless exercise basis with respect to all 1,543,630 shares issuable upon exercise thereof. As a result of such cashless exercise, HCP-FVA received 1,518,107 shares of Common Stock.
- [F2]The Backstop Warrant is presently exercisable and expires on February 23,2028.