SEC Form 4 · accession 0001058854-18-000033
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CANNELL CAPITAL LLC
10% Owner
Period of report
Jun 7, 2018
Accepted (ET)
Jun 11, 2018 · 5:39 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 StockF1,F2 | Jun 7, 2018 | P | 1,500 | $6.01 | A | 2,040,702 | I | By partnerships and other pooled vehicles |
| Common StockF1,F2 | Jun 8, 2018 | P | 2,500 | $6.0056 | A | 2,043,202 | I | By partnerships and other pooled vehicles |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of June 8, 2018, Tonga Partners, LP, Cuttyhunk II Fund, Tristan Partners, LP, and Tristan Offshore Fund, Ltd. (collectively the "Cannell Investment Vehicles") owned in the aggregate 2,043,202 shares of the common stock of I.D.Systems, Inc.
- F2Cannell Capital LLC acts as the investment sub-adviser to the Cuttyhunk II Fund and serves as the general partner of and investment adviser to Tonga Partners, LP, Tristan Partners, LP and Tristan Offshore Fund, Ltd. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. As such, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of I.D.Systems, Inc. held by the Cannell Investment Vehicles. Thus, for the purposes of Reg. Section 240.13d-3, as of June 8, 2018, Mr. Cannell beneficially owns 2,043,202 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Cannell Investment Vehicles, if any.