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

Role: Chief Financial Officer
Signature: /s/ Vincent Sita
Stock symbol: FALC
Transactions as of: Feb 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/2/2022, 07:00 PM
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	+56.6K		$0.00	56.6K	Feb 11, 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.