ID SYSTEMS INC 4
4 · ID SYSTEMS INC · Filed Apr 8, 2013
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
MONACO MICHAEL P
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2013-04-04+8,474→ 50,466 total
Footnotes (2)
- [F1]On April 4, 2013 (the "Grant Date"), Michael P. Monaco (the "Reporting Person") was granted 8,474 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, and (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.