4//SEC Filing
JAGID JEFFREY M 4
Accession 0001144204-13-020713
CIK 0000049615other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 8:42 PM ET
Size
8.4 KB
Accession
0001144204-13-020713
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
JAGID JEFFREY M
DirectorChief Executive Officer
Transactions
- Award
Common Stock, par value $0.01 per share
2013-04-04+11,651→ 425,920 total - Award
Employee Stock Options (right to buy)
2013-04-04+68,069→ 68,069 totalExercise: $5.71Exp: 2023-04-05→ Common Stock, par value $0.01 per share (68,069 underlying)
Footnotes (3)
- [F1]On April 4, 2013 (the "Grant Date"), Jeffrey M. Jagid (the "Reporting Person") was granted 11,651 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 an officer of the Company. This award vests as to 100% of such shares on the third anniversary of the Grant Date, subject to the terms and conditions of a restricted stock award agreement and the Company's 2007 Equity Compensation Plan, as amended (the "Plan").
- [F2]This number also includes (i) 13,367 restricted shares of Common Stock which vest on March 30, 2014, provided that the Reporting Person is employed by the Company on such date, and (ii) 10,624 restricted shares of Common Stock which vest on March 29, 2015, provided that the Reporting Person is employed by the Company on such date.
- [F3]On the Grant Date, the Reporting Person was granted options to purchase 68,069 shares of Common Stock in consideration of his services as an officer of the Company. These options vest in equal increments over a four-year period commencing on the Grant Date, such that 25% of the options will vest on the first, second, third and fourth anniversaries of the Grant Date, in each case, provided that the Reporting Person is employed by the Company on such date. The options were granted to the Reporting Person pursuant and subject to the Plan.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001117037
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 8:42 PM ET
- Size
- 8.4 KB