0000921895-20-000139.txt : 20200121
0000921895-20-000139.hdr.sgml : 20200121
20200121161814
ACCESSION NUMBER: 0000921895-20-000139
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200116
FILED AS OF DATE: 20200121
DATE AS OF CHANGE: 20200121
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KELLY MICHAEL P
CENTRAL INDEX KEY: 0001201176
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23970
FILM NUMBER: 20536577
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FALCONSTOR SOFTWARE INC
CENTRAL INDEX KEY: 0000922521
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 770216135
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 125 BAYLIS ROAD
CITY: MELVILLE
STATE: NY
ZIP: 11747
BUSINESS PHONE: 631 777 5188
MAIL ADDRESS:
STREET 1: 125 BAYLIS ROAD
CITY: MELVILLE
STATE: NY
ZIP: 11747
FORMER COMPANY:
FORMER CONFORMED NAME: NETWORK PERIPHERALS INC
DATE OF NAME CHANGE: 19940502
4
1
form404637006_01212020.xml
OWNERSHIP DOCUMENT
X0306
4
2020-01-16
0
0000922521
FALCONSTOR SOFTWARE INC
FALC
0001201176
KELLY MICHAEL P
C/O FALCONSTOR SOFTWARE, INC.
701 BRAZOS STREET, SUITE 400
AUSTIN
TX
78701
1
0
0
0
Common Stock
2020-01-16
4
A
0
44158
0
A
51797
D
The restricted shares vest as follows: 2.5% of the shares vested immediately upon grant on January 16, 2020; 2.5% of the shares shall vest on May 31, 2020; 2.5% of the shares shall vest on May 31, 2021; 2.5% of the shares will vest on May 31, 2022; 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.
These restricted shares replace the 4,415,838 shares that were forfeited by Mr. Kelly in 2019.
/s/ Michael P. Kelly
2020-01-21