SEC Form 4 · accession 0001144204-15-053669
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Brodsky
Director
Period of report
Sep 1, 2015
Accepted (ET)
Sep 3, 2015 · 5:06 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 | Sep 1, 2015 | A | 21,179 | $0.00 | A | 115,444 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 1, 2015 (the "Grant Date"), Michael Brodsky (the "Reporting Person") was granted 21,179 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2015 Non-Employee Director Equity Compensation Plan, as amended (the "Plan"), in consideration of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the Plan, this award vests as to 100% of such shares on the first anniversary of the Grant Date, provided that the Reporting Person is serving as a director of the Company on such date.
- F2This number also includes (a) 18,265 restricted shares of Common Stock, 100% of which vest on September 8, 2015, provided that the Reporting Person is serving as a director of the Company on such date; and (b) 76,000 shares of Common Stock held by Vajra Fund I, L.P.