0000921895-16-003867.txt : 20160328
0000921895-16-003867.hdr.sgml : 20160328
20160328192236
ACCESSION NUMBER: 0000921895-16-003867
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160324
FILED AS OF DATE: 20160328
DATE AS OF CHANGE: 20160328
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ID SYSTEMS INC
CENTRAL INDEX KEY: 0000049615
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
IRS NUMBER: 223270799
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 123 TICE BOULEVARD
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
BUSINESS PHONE: 2019969000
MAIL ADDRESS:
STREET 1: 123 TICE BOULEVARD
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: EHRMAN MICHAEL L
CENTRAL INDEX KEY: 0001134242
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15087
FILM NUMBER: 161533331
4
1
form410012005b_03282016.xml
OWNERSHIP DOCUMENT
X0306
4
2016-03-24
0
0000049615
ID SYSTEMS INC
IDSY
0001134242
EHRMAN MICHAEL L
C/O I.D. SYSTEMS, INC.
123 TICE BOULEVARD
WOODCLIFF LAKE
NJ
07677
0
1
0
0
Chief Technology Officer
Common Stock, par value $0.01 per share
2016-03-24
4
A
0
15000
0
A
330056
D
Common Stock, par value $0.01 per share
2016-03-27
4
F
0
2974
4.37
D
327082
D
Employee Stock Options (right to buy)
4.37
2016-03-24
4
A
0
30000
0
A
2026-03-24
Common Stock, par value $0.01 per share
30000
30000
D
On March 24, 2016 (the "Grant Date"), Michael L. Ehrman (the "Reporting Person") was granted 15,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2015 Equity Compensation Plan (the "2015 Plan") in consideration of his services as an officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2015 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.
This number also includes (i) 5,826 restricted shares of Common Stock which vest on April 4, 2016, provided that the Reporting Person is employed by the Company on such date, (ii) 37,500 restricted shares of Common Stock which vest as to 33 1/3 % of such shares on each of September 8, 2016, September 8, 2017 and September 8, 2018, provided that the Reporting Person is employed by the Company on each such date, and (iii) 30,000 restricted shares of Common Stock which vest as to 25% of such shares on each of June 11, 2016, June 11, 2017, June 11, 2018 and June 11, 2019, provided that the Reporting Person is employed by the Company on each such date.
These shares of Common Stock were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to the Reporting Person, as permitted under the Company's 2007 Equity Compensation Plan, as amended (the "2007 Plan").
On the Grant Date, the Reporting Person was granted options to purchase 30,000 shares of Common Stock in consideration of his services as an officer of the Company. 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, in each case, provided that the Reporting Person is employed by the Company on such date. The options were granted to the Reporting Person pursuant to and subject to the 2007 Plan.
By: /s/ Michael L. Ehrman
2016-03-28