4//SEC Filing
BURSTEIN LAWRENCE S 4
Accession 0001144204-12-019581
CIK 0000049615other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:48 PM ET
Size
6.6 KB
Accession
0001144204-12-019581
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2012-03-29+8,499→ 47,978 total
Footnotes (3)
- [F1]On March 29, 2012 (the "Grant Date"), Lawrence S. Burstein (the "Reporting Person") was granted 8,499 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. This award vests in equal increments of 25% on a quarterly basis over the one-year period following the Grant Date, and is subject to the terms and conditions of a restricted stock award agreement and the Company's 2009 Non-Employee Director Equity Compensation Plan, as amended.
- [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, in each case, provided that the Reporting Person is a director of the Company on the applicable vesting date, and (iv) 3,500 shares of Common Stock held in the Reporting Person's IRA account.
- [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.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001134241
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 5:48 PM ET
- Size
- 6.6 KB