4//SEC Filing
JAGID JEFFREY M 4
Accession 0001144204-12-019533
CIK 0000049615other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:13 PM ET
Size
8.8 KB
Accession
0001144204-12-019533
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
JAGID JEFFREY M
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Options (right to buy)
2012-03-29+67,568→ 67,568 totalExercise: $5.93From: 2015-03-29Exp: 2022-03-29→ Common Stock, par value $0.01 per share (67,568 underlying) - Award
Common Stock, par value $0.01 per share
2012-03-29+10,624→ 437,391 total
Footnotes (4)
- [F1]On March 29, 2012, Jeffrey M. Jagid (the "Reporting Person") was granted 10,624 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 an officer of the Company. This award vests as to 100% of such shares on the third anniversary of the date of grant, subject to the terms and conditions of a restricted stock award agreement and the Company's 2007 Equity Compensation Plan (the "Plan").
- [F2]This number also includes (i) 31,780 restricted shares of Common Stock which vest on June 29, 2012, provided that the Reporting Person is employed by the Company on such date, (ii) 39,474 restricted shares of Common Stock which vest on February 5, 2013, provided that the Reporting Person is employed by the Company on such date, and (iii) 13,367 restricted shares of Common Stock which vest on March 30, 2014, provided that the Reporting Person is employed by the Company on such 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]These employee stock options were granted to the Reporting Person in consideration of his services as an officer 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 0001117037
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 5:13 PM ET
- Size
- 8.8 KB