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