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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
922521	Falconstor Software Inc	FALC	Services-Prepackaged Software (7372)	770216135

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1249170	Wayne Lam	C/O Falconstor Software, Inc. 2 Huntington Quadrangle Melville NY 11747-	Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-07-07	3,537	$2.66	101,400	No	4	S	Direct
Common Stock	Acquisiton	2010-08-03	4,000	$3.11	105,400	No	4	P	Direct
Common Stock	Acquisiton	2010-08-04	2,000	$3.14	107,400	No	4	P	Direct
Common Stock	Acquisiton	2010-08-04	2,000	$3.15	109,400	No	4	P	Direct
Common Stock	Acquisiton	2010-08-04	2,000	$3.16	111,400	No	4	P	Direct
Common Stock	Disposition	2010-07-14	19,201	$2.74	1,234	No	4	S	Indirect	By Spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	S	Indirect	By Spouse

Footnotes

The reporting person's purchases made on August 3 and 4, 2010 reported herein were matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 10,000 shares, with the reporting person's sale on March 15, 2010 of (i) 100 shares of common stock at a price of $3.78 per share, (ii) 4,349 shares of common stock at a price of $3.77 per share, (iii) 965 shares of common stock at a price of $3.76 per share, and (iv) 4,586 shares of common stock at a price of $3.75 per share. The sales prices above constitute the highest sales prices that the reporting persion received for the sales of his shares on March 15, 2010. The reporting person has agreed to pay to Falconstor Software, Inc. $6,269.63, representing the full amount of the profit realized in connection with the short-swing transaction.