Wolfe Brad 4
4 · FALCONSTOR SOFTWARE INC · Filed Jun 4, 2019
Insider Transaction Report
Form 4
Wolfe Brad
Chief Financial Officer
Transactions
- Award
Common Stock
2019-05-31+7,359,730→ 7,359,730 total
Footnotes (1)
- [F1]The restricted shares vest as follows: 2.5% of the shares vested immediately upon grant on May 31, 2019 (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.