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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
1201176	P Michael Kelly	C/O Falconstor Software, Inc. 701 Brazos Street, Suite 400 Austin TX 78701		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2018-03-01	104,217	$0.00	109,773	No	4	J	Direct
Common Stock	Disposition	2018-11-16	34,773	$0.05	75,000	No	4	S	Direct
Common Stock	Disposition	2018-11-16	35,000	$0.05	40,000	No	4	S	Direct
Common Stock	Disposition	2018-11-19	30,000	$0.05	10,000	No	4	S	Direct
Common Stock	Disposition	2018-11-20	10,000	$0.04	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Acquisiton	2018-10-09	763,915	$0.00	763,915	$0.00
Common Stock	Series A Convertible Preferred Stock	Acquisiton	2018-10-09	1,405	$0.27	13,709	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
763,915		2028-02-23	No	4	A	Direct
1,405			No	4	A	Direct

Footnotes

Represents shares of restricted stock that were forfeited by the Reporting Person.
The warrants reported herein were issued by the Issuer to the Reporting Person in connection with its purchase of 62,447 units (each, a "Unit") in a private placement ("Financing"). The warrants are exercisable at any time prior to the expiration date.
The reported securities are included with 62,447 Units purchased by the Reporting Person for $0.371063 per Unit. Each Unit consists of (a) $0.10 in Issuer's senior secured debt, (b) warrants to purchase 12.233 shares of the Issuer's common stock, and (c) 0.0225 shares of the Issuer's Series A Convertible Preferred Stock (the "Preferred Stock") at a per Unit price of $0.271063 (subject to certain adjustments).
Each share of Preferred Stock of the Issuer has a stated value of $10 (the "Stated Value"). Each share of Preferred Stock is initially convertible into such number of shares of common stock determined by dividing the Stated Value by $1.02488, the initial conversion price of the Preferred Stock. The conversion price of the Preferred Stock is subject to adjustment from time to time in accordance with the terms of the Certificate of Designations of the Preferred Stock, including for accrued but unpaid dividends.
The Preferred Stock is convertible at any time, at the holder's election, into common stock of the Issuer and has no expiration date. The Preferred Stock accrues dividends which may, under circumstances, be paid in shares of common stock.