SEC Form 4 · accession 0001493152-19-001251
ID SYSTEMS INC · IDSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ned Mavrommatis
Officer — Chief Financial Officer
Period of report
Jan 30, 2019
Accepted (ET)
Feb 1, 2019 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049615
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock options (right to buy)F1 | $6.08 | Jan 30, 2019 | A | 100,000 | A | — | Jan 30, 2029 | Common Stock, par value $0.01 per share | 100,000 | 100,000 | D |
Explanation of responses
- F1On January 30, 2019 (the "Grant Date"), Ned Mavrommatis (the "Reporting Person") was granted options to purchase 100,000 shares of common stock, par value $0.01 per share, under I.D. Systems, Inc.'s (the "Company") 2018 Incentive Plan in consideration of his services as an officer of the Company. 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 employed by the Company on each date.