Sec Form 13D Filing - Huai Shuwen filing for FALCONSTOR SOFTWARE INC (FALC) - 2014-12-12

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Falconstor Software, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class Securities)

306137100

(CUSIP Number)

Shuwen Huai, Executor

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

December 8, 2014

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. 

[Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.]

[* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.]

[The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).]

SEC 1746(3-06)

CUSIP No.      306137100     

This Amendment No. 2 ("Amendment No. 2") amends and supplements the statements on Schedule 13D filed with the Securities and Exchange Commission on August 5, 2014, as amended on November 12, 2014 (collectively, the "Original Schedule 13D" and together with this Amendment No. 2, the "Schedule 13D") with respect to the common stock, par value $0.001 per share (the “Common Stock”), of FalconStor Software, Inc., a Delaware corporation (the “Issuer”).  Capitalized terms used herein and not otherwise defined in this Amendment No. 2 have the meanings set forth in the Original Schedule 13D. Only those items that are reported herein are amended, and only to the extent amended herein; all other items, including previously filed exhibits, remain unchanged and are incorporated by reference herein.

Since the filing of the Original Schedule 13D, the Reporting Person has sold 4,898,533 shares of Common Stock, constituting the remainder of the Estate of ReiJane Huai’s (the “Estate”) holdings in the Common Stock of the Issuer, in the ordinary course of her investment activities and not with any purpose of, or with the effect of, changing or influencing the control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect.  All of the information set forth in the responses to Item 4 of the Original Schedule 13D otherwise remains in full force and effect and is incorporated by reference herein.

(a)     The Estate owns beneficially 0 shares of Common Stock, constituting 0% of shares outstanding based on 45,222,846 shares of Common Stock outstanding.

(b)      Schedule A annexed hereto lists all transactions in the Securities by the Estate of ReiJane Huai since December 8, 2014.  All of such sales were effected through privately negotiated transactions.

SIGNATURE

After reasonable inquiry, and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

December 12, 2014________________________

Date

/s/ Shuwen Huai___________________________

Signature

Shuwen Huai, Executor______________________

Name/Title

SCHEDULE A

Transactions in the Shares by the Reporting Person since December 8, 2014: