SEC Form 4 · accession 0000921895-16-004015
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth S Ehrman
Officer — President & CEO · Director
Period of report
Apr 4, 2016
Accepted (ET)
Apr 6, 2016 · 6:55 pm EDT
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 Stock, par value $0.01 per shareF1,F2 | Apr 4, 2016 | F | 2,402 | $4.65 | D | 662,650 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These 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.
- F2This number also includes (i) 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, (ii) 60,000 restricted shares of Common Stock which vest as to 25% of such shares on each of June 11, 2016, June 11, 2017 and June 11, 2018 and June 11, 2019, provided that the Reporting Person is employed by the Company on each such date, (iii) 30,000 restricted shares of Common Stock which vest as to 25% of such shares on each of March 24, 2017, March 24, 2018, March 24, 2019 and March 24, 2020, 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) 21,600 shares of Common Stock held by the 401(k) account of the Reporting Person.