EHRMAN MICHAEL L 4
4 · ID SYSTEMS INC · Filed Feb 20, 2018
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
EHRMAN MICHAEL L
Executive VP- Engineering
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2018-02-17$7.87/sh−1,643$12,930→ 320,976 total - Exercise/Conversion
Employee Stock Options (Right to Buy)
2018-02-20−16,000→ 0 totalExercise: $7.41Exp: 2018-02-27→ Common Stock (16,000 underlying) - Tax Payment
Common Stock, par value $0.01 per share
2018-02-17$7.87/sh−2,605$20,501→ 322,619 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2018-02-20$7.41/sh+16,000$118,560→ 336,976 total - Tax Payment
Common Stock, par value $0.01 per share
2018-02-20$7.87/sh−15,262$120,112→ 321,714 total
Footnotes (5)
- [F1]These shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to Michael L. Ehrman (the "Reporting Person"), as permitted under the Company's 2015 Equity Compensation Plan.
- [F2]This number also includes (i) 12,500 restricted shares of Common Stock which vest as to 100% of such shares on September 8, 2018, provided that the Reporting Person is employed by the Company on such date, (ii) 15,000 restricted shares of Common Stock which vest as to 50% of such shares on each of June 11, 2018 and June 11, 2019, provided that the Reporting Person is employed by the Company on each such date, (iii) 11,250 restricted shares of Common Stock which vest as to 33 1/3% of such shares on each of March 24, 2018, March 24, 2019 and March 24, 2020, provided that the Reporting Person is employed by the Company on each such date, and (iv) 9,375 restricted shares of Common Stock which vest as to 33 1/3% of such shares on each of February 17, 2019, February 17, 2020 and February 17, 2021, provided that the Reporting Person is employed by the Company on each such date.
- [F3]These shares of Common Stock were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to the Reporting Person, as permitted under the Company's 2007 Equity Compensation Plan.
- [F4]These shares of Common Stock were withheld by the Company to pay the exercise price of the options exercised, as reported herein, and to satisfy tax withholding obligations.
- [F5]These options vested in five equal annual installments beginning on February 27, 2009.