UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
FalconStor Software, Inc.
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(Name of Issuer)
Common Stock, $0.001 Par Value
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(Title of Class of Securities)
306137100
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(CUSIP Number)
December 31, 2005
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 7
CUSIP No. 306137100 13G
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eli Oxenhorn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
Number of 2,749,500 shares
Shares --------------------------------------------------------------
Beneficially
Owned By 6 SHARED VOTING POWER
Each 241,077 shares
Reporting --------------------------------------------------------------
Person
With 7 SOLE DISPOSITIVE POWER
2,749,500 shares
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
241,077 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,990,577 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 2 of 7
CUSIP No. 306137100 13G
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eli Oxenhorn Family Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
Number of 241,077 shares
Shares --------------------------------------------------------------
Beneficially
Owned By 6 SHARED VOTING POWER
Each 0 shares
Reporting --------------------------------------------------------------
Person
With 7 SOLE DISPOSITIVE POWER
241,077 shares
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
241,077 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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Page 3 of 7
ITEM 1.
(a) Name of Issuer:
FalconStor Software, Inc.
(b) Address of Issuer's Principal Executive Offices:
2 Huntington Quadrangle
Melville, NY 11747
ITEM 2.
1. (a) Name of Person Filing: Eli Oxenhorn
(b) Address of Principal Business Office, or,
if none, Residence:
56 The Intervale
Roslyn Estates,
New York 11576
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock,
$0.001 par
value per share
(e) CUSIP Number: 306137100
2. (a) Name of Person Filing: Eli Oxenhorn
Family Limited
Partnership
(b) Address of Principal Business Office, or,
if none, Residence:
56 The Intervale
Roslyn Estates,
New York 11576
(c) Place of Organization: New York
(d) Title of Class of Securities: Common Stock,
$0.001 par
value per share
(e) CUSIP Number: 306137100
ITEM 3. If this statement is filed pursuant to ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section
15 of the Act (15 U.S.C.78o).
(b) [ ] Bank as defined in section 3(a)(6) of the
Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)
(19) of the Act (15 U.S.C. 78c).
(d) [ ] Investment company as registered under
Section 8 of the Investment Company Act of
1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment
fund in accordance with
ss.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control
person in accordance with
ss.240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in
Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with
ss.240.13d-1(b)(1)(ii)(J).
Page 4 of 7
ITEM 4. OWNERSHIP.
1. Eli Oxenhorn:
(a) Amount Beneficially Owned: 2,990,577(1,2,3) shares.
(b) Percent of Class: 6.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
2,749,500(1) shares.
(ii) shared power to vote or to direct the vote:
241,077(2,3) shares.
(iii) sole power to dispose or to direct the
disposition of: 2,749,500(1) shares.
(iv) shared power to dispose or to direct the
disposition of: 241,077(2,3) shares.
2. Eli Oxenhorn Family Limited Partnership:
(a) Amount Beneficially Owned: 241,077(2) shares. Eli
Oxenhorn is the general partner of the Eli Oxenhorn
Family Limited Partnership.
(b) Percent of Class: 0.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
241,077(2) shares.
(ii) shared power to vote or to direct the vote:
0 shares.
(iii) sole power to dispose or to direct the
disposition of: 241,077(2) shares.
(iv) shared power to dispose or to direct the
disposition of: 0 shares.
Exhibit A, a Joint Filing Agreement, was previously filed
with a Schedule 13G, dated August 22, 2001.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following. [ ]
INSTRUCTION: Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not Applicable.
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(1)Consists of 2,738,000 shares of Common Stock held by Mr. Oxenhorn, 3,500
shares held by the Eli Oxenhorn SEP IRA Account, and 8,000 shares held by the
Eli Oxenhorn Rollover IRA.
(2)Consists of 241,077 shares of Common Stock held by the Eli Oxenhorn Family
Limited Partnership.
(3)The reporting person disclaims beneficial ownership of these securities
except to the extent of his equity interest therein.
Page 5 of 7
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
By signing below each party certifies that, to the best
of his/its knowledge and belief, the securities referred
to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not
acquired and are not held in connection with or as a
participant in any transaction having that purpose or
effect.
Page 6 of 7
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 17, 2006
/s/ Eli Oxenhorn
---------------------------------------------
Eli Oxenhorn
ELI OXENHORN FAMILY LIMITED PARTNERSHIP
By:/s/ Eli Oxenhorn
------------------------------------------
Name: Eli Oxenhorn
Title: General Partner
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 7 of 7