0001493152-20-010275.txt : 20200601
0001493152-20-010275.hdr.sgml : 20200601
20200601163939
ACCESSION NUMBER: 0001493152-20-010275
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200528
FILED AS OF DATE: 20200601
DATE AS OF CHANGE: 20200601
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MAVROMMATIS NED
CENTRAL INDEX KEY: 0001113291
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39080
FILM NUMBER: 20933876
MAIL ADDRESS:
STREET 1: C/O ID SYSTEMS INC
STREET 2: ONE UNIVERSITY PLAZA
CITY: HACKENSACK
STATE: NJ
ZIP: 07601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PowerFleet, Inc.
CENTRAL INDEX KEY: 0001774170
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
IRS NUMBER: 834366463
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 123 TICE BLVD.
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
BUSINESS PHONE: 201-996-9000
MAIL ADDRESS:
STREET 1: 123 TICE BLVD.
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
4
1
ownership.xml
X0306
4
2020-05-28
0
0001774170
PowerFleet, Inc.
PWFL
0001113291
MAVROMMATIS NED
C/O POWERFLEET, INC.
123 TICE BOULEVARD
WOODCLIFF LAKE
NJ
07677
0
1
0
0
Chief Financial Officer
Common Stock, par value $0.01 per share
2020-05-28
4
A
0
5921
0
A
220832
D
Employee Stock Options (right to buy)
6.28
2020-05-28
4
A
0
150000
0
A
2030-05-28
Common Stock, par value $0.01 per share
150000
150000
D
Employee Stock Options (right to buy)
6
2020-05-28
4
A
0
150000
0
A
2030-05-28
Common Stock, par value $0.01 per share
150000
150000
D
On May 28, 2020 (the "Grant Date"), Ned Mavrommatis (the "Reporting Person") was granted 5,921 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 for a temporary reduction in the Reporting Person's base salary for the remainder of the 2020 fiscal year. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award will vest in full on December 31, 2021, provided that the Reporting Person is employed by the Company on such date.
On the Grant Date, the Reporting Person was granted options to purchase 150,000 shares of Common Stock under the 2018 Plan, which options will vest and become exercisable in full on December 31, 2022, provided that the Reporting Person is employed by the Company on such date, if at any point prior to such date the volume weighted average price of the Common Stock during a consecutive 30 trading day period (the "30 Day VWAP") reaches $12.00.
On the Grant Date, the Reporting Person was granted options to purchase 150,000 shares of Common Stock under the 2018 Plan, which options will vest and become exercisable in full immediately upon the 30 Day VWAP reaching $10.00, provided that the Reporting Person is employed by the Company on such date.
By: /s/ Ned Mavrommatis
2020-06-01