SEC Form 4 · accession 0000904454-18-000199
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Emancipation Capital
10% Owner
Charles Frumberg
10% Owner
Emancipation Capital, LLC
10% Owner
Emancipation Management LLC
10% Owner
Emancipation Capital SPV IV LLC
10% Owner
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049615
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 14, 2018 | S | 65,000 | $7.90 | D | 1,722,393 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale reported in this Form 4 was made solely to comply with position limits applicable to the Reporting Persons.
- F2The securities reported herein are directly held by (i) Emancipation Capital Master, Ltd. ("Emancipation Master") and (ii) Emancipation Capital SPV IV LLC ("Emancipation SPV IV"). Emancipation Management LLC ("Emancipation Management") serves as the investment manager of Emancipation Master and Emancipation SPV IV. Emancipation Capital LLC ("Emancipation Capital") is the managing member of Emancipation SPV IV. Mr. Charles Frumberg is the managing member of Emancipation Management and Emancipation Capital. By virtue of the foregoing relationships, each of the Reporting Persons may be deemed to indirectly beneficially own the securities directly held by Emancipation Master and Emancipation SPV IV. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.