Frumberg Charles 4
4 · ID SYSTEMS INC · Filed Jul 1, 2019
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
Frumberg Charles
10% Owner
Transactions
- Award
Common Stock, par value $0.01 per share
2019-06-27+22,310→ 41,377 total
Holdings
- 1,719,426(indirect: See footnote)
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]On June 27, 2019, Charles Frumberg (the "Reporting Person") was granted 22,310 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 June 27, 2020, provided that the Reporting Person is serving as a director of the Company or PowerFleet, Inc. 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.