4//SEC Filing
ID SYSTEMS INC 4
Accession 0001140361-12-016590
CIK 0000049615operating
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 6:27 PM ET
Size
11.0 KB
Accession
0001140361-12-016590
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
MONACO MICHAEL P
Director
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2012-03-15$5.94/sh−8,333$49,498→ 32,646 total - Exercise/Conversion
Stock options (right to buy)
2012-03-15−15,000→ 0 totalExercise: $3.30Exp: 2012-06-05→ Common Stock, par value $0.01 per share (15,000 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2012-03-15$3.30/sh+15,000$49,500→ 40,979 total
Footnotes (4)
- [F1]On March 15, 2012, Michael P. Monaco (the "Reporting Person") exercised options to purchase 15,000 shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"). Of these 15,000 shares, 8,333 shares were withheld by the Company as payment of the option exercise price. The value of the shares withheld is equal to the average of the highest and lowest sales prices of the Common Stock on The NASDAQ Global Market on the date of exercise, in accordance with the Company's Amended 1999 Director Option Plan, as amended to date (the "1999 Plan").
- [F2]This number also includes (i) 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 on each anniversary of such date, (ii) 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 on each anniversary of such date, and (iii) 6,416 restricted shares of Common Stock which vest over a five-year period that commenced on March 30, 2011, with 20% of such shares vesting on each anniversary of such date, and, in each case, provided that the Reporting Person is a director of the Company on the applicable vesting date.
- [F3]In reports previously filed by the Reporting Person under Section 16 of the Securities Exchange Act of 1934, as amended, with respect to the Company's Common Stock, this number also had included the number of stock options held by the Reporting Person that were currently exercisable or which would become exercisable within 60 days of the date of the transaction requiring such report. Commencing with this report, the number of stock options held by the Reporting Person has now been properly excluded from the total number of non-derivative securities reported in Table I.
- [F4]The options vested in equal increments over a five-year period commencing on the grant date, June 5, 2002, such that 20% of the options vested 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 1999 Plan.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000049615
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 6:27 PM ET
- Size
- 11.0 KB