4//SEC Filing
BURSTEIN LAWRENCE S 4
Accession 0001144204-12-063344
CIK 0000049615other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 6:42 PM ET
Size
8.3 KB
Accession
0001144204-12-063344
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
BURSTEIN LAWRENCE S
Director
Transactions
- Sale
Common Stock, par value $0.01 per share
2012-11-13$5.64/sh−4,090$23,088→ 48,888 total - Sale
Common Stock, par value $0.01 per share
2012-11-14$5.45/sh−4,510$24,574→ 44,378 total
Footnotes (3)
- [F1]The sales price of the shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"), reported in Column 4 of this report is a weighted-average price. The shares of Common Stock sold by Lawrence S. Burstein (the "Reporting Person") on November 13, 2012, were sold in multiple transactions at prices ranging from $5.50 to $5.80, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the Staff of the Securities and Exchange Commission ("SEC"), upon request, full and complete information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this Footnote (1).
- [F2]The sales price of the shares of Common Stock reported in Column 4 of this report is a weighted-average price. The shares of Common Stock sold by the Reporting Person on November 14, 2012, were sold in multiple transactions at prices ranging from $5.40 to $5.60, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the Staff of the SEC, upon request, full and complete information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this Footnote (2).
- [F3]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.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001134241
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 6:42 PM ET
- Size
- 8.3 KB