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