0001144204-15-037299.txt : 20150615
0001144204-15-037299.hdr.sgml : 20150615
20150615192249
ACCESSION NUMBER: 0001144204-15-037299
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150327
FILED AS OF DATE: 20150615
DATE AS OF CHANGE: 20150615
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 KENNETH S
CENTRAL INDEX KEY: 0001107329
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15087
FILM NUMBER: 15932820
MAIL ADDRESS:
STREET 1: C/O ID SYSTEMS INC
STREET 2: ONE UNIVERSITY PLAZA
CITY: HACKENSACK
STATE: NJ
ZIP: 07601
4
1
v413068_4.xml
OWNERSHIP DOCUMENT
X0306
4
2015-03-27
0
0000049615
ID SYSTEMS INC
IDSY
0001107329
EHRMAN KENNETH S
C/O I.D. SYSTEMS, INC.
123 TICE BOULEVARD
WOODCLIFF LAKE
NJ
07677
1
1
0
0
President & CEO
Common Stock, par value $0.01 per share
2015-03-27
4
F
0
4182
6.27
D
581224
D
Common Stock, par value $0.01 per share
2015-03-29
4
F
0
2133
6.27
D
579091
D
Common Stock, par value $0.01 per share
2015-06-11
4
A
0
60000
0
A
639091
D
These shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to Kenneth S. Ehrman (the "Reporting Person"), as permitted under the Company's 2007 Equity Compensation Plan, as amended (the "Plan").
This number also includes (i) 12,500 restricted shares of Common Stock which vest on March 27, 2016, provided that the Reporting Person is employed by the Company on such date, (ii) 6,991 restricted shares of Common Stock which vest on April 4, 2016, provided that the Reporting Person is employed by the Company on such date, (iii) 50,000 restricted shares of Common Stock which vest as to 25% of such shares on each of September 8, 2015, September 8, 2016, September 8, 2017 and September 8, 2018, provided that the Reporting Person is employed by the Company on each such date, (iv) 49,000 shares of Common Stock held by the IRA account of the Reporting Person's spouse, and (v) 16,500 shares of Common Stock held by the 401(k) account of the Reporting Person.
On June 11, 2015 (the "Grant Date"), the Reporting Person was granted 60,000 restricted shares of Common Stock under the 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 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.
/s/ Kenneth S. Ehrman
2015-06-15