ID SYSTEMS INC 4
4 · ID SYSTEMS INC · Filed Dec 12, 2016
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
CASEY MICHAEL J
Director
Transactions
- Award
Stock options (right to buy)
2016-12-08+45,000→ 45,000 totalExercise: $5.11Exp: 2026-12-08→ Common Stock, par value $0.01 per share (45,000 underlying) - Award
Common Stock, par value $0.01 per share
2016-12-08+16,913→ 16,913 total
Footnotes (2)
- [F1]On December 8, 2016 (the "Grant Date"), Michael J. Casey (the "Reporting Person") was granted 16,913 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2015 Non-Employee Director Equity Compensation Plan, as amended (the "Plan"), in consideration of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the Plan, this award vests as to 100% of such shares on September 1, 2017, provided that the Reporting Person is serving as a director of the Company on such date.
- [F2]On the Grant Date, the Reporting Person was granted options to purchase 45,000 shares of Common Stock under the Plan in consideration of his services as a director of the Company. Subject to the terms and conditions of a stock option agreement and the Plan, 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, provided that the Reporting Person is serving as a director of the Company on each such date.