OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: JANUARY 31, 2005
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE 0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Rosansky Martin G.
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(Last) (First) (Middle)
c/o I.D. Systems, Inc. One University Place
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(Street)
Hackensack NJ 07601
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
I.D. Systems, Inc. (IDSY)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
01/2/03
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Secretary
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6.
4. Amount of Owner-
Securities Acquired (A) Securities ship
3. or Disposed of (D) Beneficially Form: 7.
Transaction (Instr. 3, 4 and 5) Owned Follow- Direct Nature of
2. 2A. Deemed Code ------------------------------ ing Reported (D) or Indirect
1. Transaction Execution (Instr. 8) (A) Transaction(s)Indirect Beneficial
Title of Security Date Date, if any ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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(Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. 3A. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- Deemed action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Execut- Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date ion date,(Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ if only 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ (Month/Day/------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Options Common
(Right to Buy) $4.28 1/2/03 A 5,000 (1) 1/2/13 Stock 5,000 - 5,000 D
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Explanation of Responses:
(1) Exercisable on a cumulative monthly basis over a four year period beginning February 1, 2003.
/s/ Martin G. Rosansky 1/3/03
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** Signature of Reporting Person Date
Martin G. Rosansky
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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