4//SEC Filing
ID SYSTEMS INC 4
Accession 0001140361-13-012327
CIK 0000049615operating
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 5:27 PM ET
Size
10.3 KB
Accession
0001140361-13-012327
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
MONACO MICHAEL P
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2013-03-11$4.71/sh+5,000$23,550→ 46,145 total - Tax Payment
Common Stock, par value $0.01 per share
2013-03-11$5.67/sh−4,153$23,548→ 41,992 total - Exercise/Conversion
Stock options (right to buy)
2013-03-11−5,000→ 0 totalExercise: $4.71Exp: 2013-04-01→ Common Stock, par value $0.01 per share (5,000 underlying)
Footnotes (3)
- [F1]On March 11, 2013, Michael P. Monaco (the "Reporting Person") exercised options to purchase 5,000 shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"). Of these 5,000 shares, 4,153 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, (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 (iv) 8,499 restricted shares of Common Stock which vest in equal increments of 25% on a quarterly basis over a one-year period that commenced on March 29, 2012, and, in each case, provided that the Reporting Person is a director of the Company on the applicable vesting date.
- [F3]The options vested on a monthly basis over a four-year period commencing on April 1, 2003, the date on which the options were granted to the Reporting Person. 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 12, 8:00 PM ET
- Accepted
- Mar 13, 5:27 PM ET
- Size
- 10.3 KB