Frumberg Charles 4
4 · PowerFleet, Inc. · Filed Jul 13, 2020
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
Frumberg Charles
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2020-07-10+25,053→ 66,430 total
Holdings
- 1,502,559(indirect: See footnote)
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]On July 10, 2020 (the "Grant Date"), Charles Frumberg (the "Reporting Person") was granted 25,053 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 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 2018 Plan, this award will vest in full on July 10, 2021, 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. Charles Frumberg (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.