|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options (right to buy) | $ 2.84 | 02/05/2010 | A | 21,428 (3) | (4) | 02/05/2019 | Common Stock | 21,428 | $ 0 | 21,428 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BURSTEIN LAWRENCE S C/O I.D. SYSTEMS, INC. ONE UNIVERSITY PLAZA HACKENSACK, NJ 07601 |
X |
By: /s/ Ned Mavrommatis, Attorney-in-Fact for Lawrence S. Burstein | 02/09/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") underlying a restricted stock award granted to the Reporting Person under the Company's 2009 Non-Employee Director Equity Compensation Plan (the "Plan"), on February 5, 2010, which award vests as to 20% of such shares on each anniversary of the date of grant, commencing on February 5, 2011, subject to the terms and conditions of a restricted stock award agreement and the Plan. |
(2) | This number also includes (i) 111,493 shares of Common Stock, issuable upon exercise of options exercisable within 60 days of February 5, 2010, (ii) 9,000 restricted shares of Common Stock which vest over a five-year period that commenced on June 29, 2009, with 20% of such shares vesting each year and (ii) 3,500 shares of Common Stock held in the Reporting Person's IRA account. |
(3) | These options were granted to the Reporting Person under the Plan. |
(4) | These options vest in equal annual installments over a five-year period beginning on February 5, 2011. |