SEC Form 4 · accession 0001493152-16-015822

ID SYSTEMS INC · IDSY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Dec 8, 2016

Accepted (ET)

Dec 12, 2016 · 4:22 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 share^F1	Dec 8, 2016	A	16,913	$0.00	A	16,913	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock options (right to buy)^F2	$5.11	Dec 8, 2016	A	45,000	A	—	Dec 8, 2026	Common Stock, par value $0.01 per share	45,000	45,000	D

F1On December 8, 2016 (the "Grant Date"), Michael J. Casey (the "Reporting Person") was granted 16,913 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.
F2On the Grant Date, the Reporting Person was granted options to purchase 45,000 shares of Common Stock under the Plan in consideration of his services as a director of the Company. Subject to the terms and conditions of a stock option agreement and the Plan, these options vest in equal increments over a four-year period commencing on the Grant Date, such that 25% of the options will vest on the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is serving as a director of the Company on each such date.