Vincent Sita - 11 Feb 2022 Form 4 Insider Report for FALCONSTOR SOFTWARE INC (FALC)

Role: Chief Financial Officer
Signature: /s/ Vincent Sita
Issuer symbol: FALC
Transactions as of: 11 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2022, 19:00:28 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FALC	Common Stock	Award	$0	+56,615		$0.000000	56,615	11 Feb 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.