4//SEC Filing
Frumberg Charles 4
Accession 0001493152-18-009951
CIK 0000049615other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 5:13 PM ET
Size
9.6 KB
Accession
0001493152-18-009951
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
Frumberg Charles
10% Owner
Transactions
- Award
Stock options (right to buy)
2018-07-10+45,000→ 45,000 totalExercise: $6.08Exp: 2028-07-10→ Common Stock, par value $0.01 per share (45,000 underlying) - Award
Common Stock, par value $0.01 per share
2018-07-10+19,067→ 19,067 total
Holdings
- 1,709,426(indirect: See footnote)
Common Stock, par value $0.01 per share
Footnotes (3)
- [F1]On July 10, 2018 ("Grant Date"), Charles Frumberg (the "Reporting Person") was granted 19,067 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2018 Incentive Plan (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 July 10, 2019, provided that the Reporting Person is serving as a director of the Company on such date.
- [F2]These securities are directly held by (i) Emancipation Capital Master, Ltd. ("Emancipation Master") and (ii) Emancipation Capital SPV IV LLC ("Emancipation SPV IV"). Emancipation Management LLC ("Emancipation Management") serves as the investment manager of Emancipation Master and Emancipation SPV IV. Emancipation Capital LLC ("Emancipation Capital") is the managing member of Emancipation SPV IV. The Reporting Person is the managing member of Emancipation Management and Emancipation Capital. By virtue of the foregoing relationships, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Emancipation Master and Emancipation SPV IV. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F3]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.
Documents
Issuer
ID SYSTEMS INC
CIK 0000049615
Entity typeother
Related Parties
1- filerCIK 0001314587
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 5:13 PM ET
- Size
- 9.6 KB