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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
1272935	Jr M Martin Hale	17 State Street, Suite 3230 New York NY 10004		Yes	No	Yes	Yes

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	Acquisiton	2015-08-03	41,433	$1.40	41,433	No	4	P	Indirect	See footnotes
Common Stock	Acquisiton	2015-08-04	181,758	$1.50	223,191	No	4	P	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Footnotes

The shares of common stock (the "Common Stock") of Falconstor Software Inc. (the "Issuer") reported herein are held by Hale Capital Partners, LP, a Delaware limited partnership ("HCP").
MH is the Chief Executive Officer of HCP. MH is also (i) the sole owner and managing member of Hale Fund Partners, LLC, a Delaware limited liability company ("HFP"), the general partner of HCP and (ii) the sole owner and Chief Executive Officer of Hale Fund Management, LLC, a Delaware limited liability company ("HFM"). HFM is (i) the general partner of Hale Capital Management, LP ("HCM"), the manager of HCP and (ii) the manager of HCP-FVA, LLC, a Delaware limited liability company ("HCP-FVA") that owns shares of the Issuer's Series A Convertible Preferred Stock. Each of MH, HFP, HFM and HCM disclaims beneficial ownership of the securities reported herein, except to the extent of his or its pecuniary interest.
This Form 4 Amendment is being filed to correct that HCP is the owner of shares of Common Stock reported as being purchased on August 3, 2015 and August 4, 2015. The initial Form 4 had inadvertently reported that HCP-FVA was the owner of such shares of Common Stock.