SEC Form 4 · accession 0001493152-16-015819
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Warren Brakebill
Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 4:20 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 Stock, par value $0.01 per shareF1 | Dec 8, 2016 | A | 15,520 | $0.00 | A | 48,786 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 8, 2016 (the "Grant Date"), Kenneth Brakebill (the "Reporting Person") was granted 15,520 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 September 1, 2017, provided that the Reporting Person is serving as a director of the Company on such date.