PATRICK B. CARNEY - Corporate Board Profile

FALCONSTOR SOFTWARE INC

Filing Date	Source Excerpt
2003-04-10	PATRICK B. CARNEY has served as the Chief Information Officer for the North Shore - Long Island Jewish Health System ("North Shore-LIJ") since August, 2000. North Shore-LIJ is one of the largest not-for-profit health systems in the U.S. with 6,500 affiliated physicians, 30,000 employees and over $3 billion in annual revenues. Mr. Carney is responsible for strategic IS planning and managing the IS and Telecommunications operations throughout the Health System. From 1995 to July, 2000, Mr. Carney was the Vice President & Chief Information Officer for Staten Island University Hospital, a multi-site healthcare system serving the New York City communities of Staten Island and Brooklyn. Mr. Carney's career also includes IT management experience in other industries as he was also the Director of Information Systems for ABB Power Generation Inc., a subsidiary of the Zurich-based Asea Brown Boveri, and also held positions at KPMG Peat Marwick, Wang Laboratories, and IBM Corporation. Mr. Carney received a BS degree from Manhattan College.
2004-04-07	The Compensation Committee consists of Messrs. Carney, Fischer and Owings (Chair). The Nominating and Corporate Governance Committee was formed in November, 2003, and consists of Messrs. Carney (Chair), Dolin, Fischer, and Owings. The members of the Stock Option Committee are Messrs. Carney, Dolin (Chair), and Owings.
2005-04-05	The Compensation and Stock Option Committee consists of Messrs. Carney, Dolin (Chair) and Fischer. The Nominating and Corporate Governance Committee consists of Messrs. Bock, Carney (Chair), Dolin, and Fischer.
2006-04-12	Patrick B. Carney has been a director of the Company since May 2003. He is a member of the Compensation and Stock Option Committee and the Nominating and Corporate Governance Committee. In May 2005, Mr. Carney received options to purchase 15,000 shares of Common Stock at an exercise price of $6.01 per share as his annual grant under the 2004 Plan. Directors who are also employees receive no compensation for serving on the Company's Board of Directors.
2007-04-03	PATRICK B. CARNEY has been a director of the Company since May 2003. The Compensation Committee consists of Messrs. Carney, Dolin (Chair) and Kaufman. The Nominating and Corporate Governance Committee consists of Messrs. Bock, Carney (Chair), Fischer and Kaufman. Director compensation table shows $5,000 fees earned in cash and $57,450 option awards, total $62,450.
2008-04-04	The Compensation Committee consists of Messrs. Carney, Dolin (Chair) and Kaufman. The Compensation Committee met eight times during the fiscal year ended December 31, 2007. All members of the Compensation Committee attended at least 75% of the meetings of the committee during the fiscal year ended December 31, 2007. The Nominating and Corporate Governance Committee consists of Messrs. Bock, Carney (Chair), Fischer and Kaufman. The table below sets forth the compensation received by our non-employee directors for the year 2007. Patrick B. Carney: $106,625.
2009-04-06	Patrick B. Carney has been a Vice President of Melillo Consulting, Inc... Mr. Carney has been a director of the Company since May 2003. The Compensation Committee consists of Messrs. Carney, Dolin (Chair) and Kaufman. The Nominating and Corporate Governance Committee consists of Messrs. Bock, Carney (Chair), Fischer and Kaufman. The table below sets forth the compensation received by our non-employee directors for the year 2008. Patrick B. Carney: Fees Earned or Paid in Cash $34,500, Stock Awards $36,464, Option Awards $47,637, Total $118,601.
2010-04-05	During the fiscal year ended December 31, 2009, and until March 25, 2010, the Compensation Committee consisted of Messrs. Carney, Dolin (Chair) and Kaufman. Since March 25, 2010, the Compensation Committee has consisted of Messrs. Kaufman (Chair), Lieber and Oxenhorn. The Compensation Committee is appointed by the Board (i) to discharge the responsibilities of the Board relating to compensation of the Company's executives, (ii) to produce the annual report that is required by the rules of the Securities and Exchange Commission to be included in the Company's annual proxy statement, and (iii) to administer, and to approve awards under, the Company’s equity-based compensation plans for employees. The table below sets forth the compensation received by our non-employee directors for the year 2009. Patrick B. Carney Fees Earned or Paid in Cash $34,500, Stock Awards $38,700, Option Awards $27,250, Total $100,450.