4//SEC Filing
BURSTEIN LAWRENCE S 4
Accession 0001144204-12-054003
CIK 0000049615other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 5:10 PM ET
Size
8.2 KB
Accession
0001144204-12-054003
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.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001134241
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 5:10 PM ET
- Size
- 8.2 KB