4//SEC Filing
ID SYSTEMS INC 4
Accession 0001493152-17-001842
CIK 0000049615operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 5:36 PM ET
Size
10.9 KB
Accession
0001493152-17-001842
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
EHRMAN MICHAEL L
Executive VP- Engineering
Transactions
- Award
Common Stock, par value $0.01 per share
2017-02-17+12,500→ 330,462 total - Award
Common Stock, par value $0.01 per share
2017-02-17+4,957→ 335,419 total - Award
Employee Stock Options (right to buy)
2017-02-17+37,500→ 37,500 totalExercise: $6.00Exp: 2027-02-17→ Common Stock, par value $0.01 per share (37,500 underlying)
Footnotes (4)
- [F1]On February 17, 2017 (the "Grant Date"), Michael L. Ehrman (the "Reporting Person") was granted 12,500 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2007 Equity Compensation Plan (the "2007 Plan") in consideration of his services as an officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2007 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.
- [F2]This number also includes (i) 25,000 restricted shares of Common Stock which vest as to 50% of such shares on each of September 8, 2017 and September 8, 2018, provided that the Reporting Person is employed by the Company on each such date, (ii) 22,500 restricted shares of Common Stock which vest as to 33 1/3% of such shares on each of June 11, 2017, June 11, 2018 and June 11, 2019, provided that the Reporting Person is employed by the Company on each such date, and (iii) 15,000 restricted shares of Common Stock which vest as to 25% of such shares on each of March 24, 2017, March 24, 2018, March 24, 2019 and March 24, 2020, provided that the Reporting Person is employed by the Company on each such date.
- [F3]On the Grant Date, the Reporting Person was granted 4,957 restricted shares of Common Stock under the Company's 2015 Equity Compensation Plan (the "2015 Plan") in consideration of his services as an officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2015 Plan, this award vests as to 100% of such shares on the first anniversary of the Grant Date, provided that the Reporting Person is employed by the Company on such date.
- [F4]On the Grant Date, the Reporting Person was granted options to purchase 37,500 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, provided that the Reporting Person is employed by the Company on each such date. The options were granted to the Reporting Person pursuant to and subject to the 2015 Plan.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000049615
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 5:36 PM ET
- Size
- 10.9 KB