4//SEC Filing
BURSTEIN LAWRENCE S 4
Accession 0000930413-11-002504
CIK 0000049615other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 9:39 PM ET
Size
8.9 KB
Accession
0000930413-11-002504
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2011-03-30+6,416→ 171,770 total - Award
Stock options (right to buy)
2011-03-30+13,649→ 13,649 totalExercise: $4.55Exp: 2021-03-30→ Common Stock, par value $0.01 per share (13,649 underlying)
Footnotes (3)
- [F1]This number represents shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"), underlying a restricted stock award granted to the Reporting Person under the Company's 2009 Non-Employee Director Equity Compensation Plan (the "Plan"), on March 30, 2011, in consideration of his services as a director of the Company. This award vests in equal increments of 20% per year beginning on the one-year anniversary of the grant date, such that the award will vest as to 20% of the shares on each of the first, second, third, fourth and fifth anniversaries of the grant date, provided that the Reporting Person is serving as a director of the Company on such anniversary of the grant date, and subject to the terms and conditions of a restricted stock award agreement and the Plan.
- [F2]This number also includes (i) 132,291 shares of Common Stock issuable upon exercise of options which are currently exercisable or which will become exercisable within 60 days of March 30, 2011, (ii) 9,000 restricted shares of Common Stock which vest over a five-year period that commenced on June 29, 2009, with 20% of such shares vesting each year (provided that the Reporting Person is a director of the Company on the applicable vesting date), (iii) 10,563 restricted shares of Common Stock which vest over a five-year period that commenced on February 5, 2010, with 20% of such shares vesting each year (provided that the Reporting Person is a director of the Company on the applicable vesting date), and (iv) 3,500 shares of Common Stock held in the Reporting Person's IRA account.
- [F3]The options vest in equal increments over a five-year period commencing on the grant date, such that 20% of the options will vest on each of the first, second, third, fourth and fifth anniversaries of the grant date. These options were granted to the Reporting Person in consideration of his services as a director of the Company. The options were granted to the Reporting Person pursuant and subject to the Plan.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001134241
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 9:39 PM ET
- Size
- 8.9 KB