BURSTEIN LAWRENCE S 4
4 · ID SYSTEMS INC · Filed Oct 1, 2012
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2012-09-27$4.07/sh+5,000$20,350→ 52,978 total - Exercise/Conversion
Stock options (right to buy)
2012-09-27−5,000→ 0 totalExercise: $4.07Exp: 2012-10-01→ Common Stock, par value $0.01 per share (5,000 underlying)
Footnotes (3)
- [F1]On September 27, 2012, Lawrence S. Burstein (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").
- [F2]This number also includes (i) 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, (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 on each anniversary of such date, (iii) 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, and (iv) 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.
- [F3]The options vested on a cumulative monthly basis over a four-year period that commenced on November 1, 2002. The 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 Company's Amended 1999 Director Option Plan, as amended to date.