BURSTEIN LAWRENCE S 4
4 · ID SYSTEMS INC · Filed Feb 9, 2010
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Award
Options (right to buy)
2010-02-05+21,428→ 21,428 totalExercise: $2.84Exp: 2019-02-05→ Common Stock (21,428 underlying) - Award
Common Stock, par value $0.01 per share
2010-02-05+10,563→ 134,556 total
Footnotes (4)
- [F1]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 February 5, 2010, which award vests as to 20% of such shares on each anniversary of the date of grant, commencing on February 5, 2011, subject to the terms and conditions of a restricted stock award agreement and the Plan.
- [F2]This number also includes (i) 111,493 shares of Common Stock, issuable upon exercise of options exercisable within 60 days of February 5, 2010, (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 and (ii) 3,500 shares of Common Stock held in the Reporting Person's IRA account.
- [F3]These options were granted to the Reporting Person under the Plan.
- [F4]These options vest in equal annual installments over a five-year period beginning on February 5, 2011.