SEC Form 4 · accession 0001493152-17-010240
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Brodsky
Director
Period of report
Aug 31, 2017
Accepted (ET)
Sep 5, 2017 · 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 | Aug 31, 2017 | A | 23,317 | $0.00 | A | 84,674 | D | |
| Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 76,000 | I | By Vajra Fund I, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 31, 2017, Michael Brodsky (the "Reporting Person"), was granted 23,317 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 "Director 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 Director Plan, this award vests as to 100% of such shares on June 15, 2018, provided that the Reporting Person is serving as a director of the Company on such date.
- F2The Reporting Person, as the general partner of Vajra Fund I, L.P. ("Vajra Fund"), may be be deemed to beneficially own the shares of Common Stock held by Vajra Fund. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.