X0303 4 2009-03-26 0 0000922521 FALCONSTOR SOFTWARE INC FALC 0001240887 KAUFMAN ALAN W C/O FALCONSTOR SOFTWARE, INC. 2 HUNTINGTON QUADANGLE SUITE 2S01 MELVILLE NY 11747 1 0 0 0 Stock Option (right to buy) 2.18 2009-03-26 4 A 0 25000 0 A 2019-03-26 Common Stock 25000 25000 D The options were granted under the Company's 2006 Incentive Stock Plan, as amended. 8,250 of the options will become exercisable on March 26, 2010, an additional 8,250 of the options will become exercisable on March 26, 2011, and the remaining 8,500 options will become exercisable on March 26, 2012. /s/ Kaufman, Alan W. 2009-03-27