4//SEC Filing
BURSTEIN LAWRENCE S 4
Accession 0001144204-09-035583
CIK 0000049615other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 7:52 PM ET
Size
7.7 KB
Accession
0001144204-09-035583
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2009-06-29+9,000→ 112,763 total - Award
Stock Options (right to buy)
2009-06-29+15,000→ 15,000 totalExercise: $3.54Exp: 2019-06-29→ Common Stock, par value $0.01 per share (15,000 underlying)
Footnotes (4)
- [F1]On June 29, 2009, the Reporting Person was awarded 9,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") in consideration of his services as a director of the Company. These 9,000 restricted shares of Common Stock vest over a five-year period, with twenty percent (20%) of such shares vesting each year.
- [F2]This number also includes (i) 100,263 shares of Common Stock issuable upon exercise of options exercisable within 60 days of June 29, 2009, and (ii) 3,500 shares of Common Stock held in the Reporting Person's IRA account.
- [F3]These 15,000 stock options vest over a five-year period, with twenty percent (20%) of such options vesting each year.
- [F4]These stock options were granted to the Reporting Person in consideration of his services as a director of the Company.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001134241
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 7:52 PM ET
- Size
- 7.7 KB