8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2016
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FALCONSTOR SOFTWARE, INC. |
(Exact name of registrant as specified in its charter) |
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Delaware | 000-23970 | 77-0216135 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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2 Huntington Quadrangle, Melville, New York | 11747 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: 631-777-5188
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N/A |
(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 3.02. | Unregistered Sales of Equity Securities |
On April 1, 2016, the Company issued an aggregate of 591,582 shares of Common Stock pursuant to the terms of a Software License and Development Agreement. The shares have an aggregate value of $892,500 based on the 30 day trading day average of the Company's Common Stock immediately prior to July 29, 2015, the date that the Software License and Development Agreement was executed.
The Common Stock issued in the forgoing transaction was issued in accordance with the exemption provided by Section 4(2) of the Securities Act of 1933, as amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| FALCONSTOR SOFTWARE, INC. |
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Date: April 7, 2016 | By: | /s/ Louis J. Petrucelly |
| | Name: | Louis J. Petrucelly |
| | Title: | Executive Vice President, Chief Financial Officer and Treasurer |