13D Filing: Emancipation Capital and ID Systems Inc (IDSY)

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
ID Systems, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
449489103
(CUSIP Number)
Mr. Charles Frumberg
Emancipation Capital
825 Third Avenue
New York, New York 10022
(212) 605-0661
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 18, 2018
(Date of Event which Requires
Filing of this Schedule)

CUSIP No. 449489103

CUSIP No. 449489103

1	NAME OF REPORTING PERSONS Emancipation Capital Master, Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)  [   ] (b)  [   ]
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)			[   ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER – 0 –
		8	SHARED VOTING POWER 754,010 shares of Common Stock
		9	SOLE DISPOSITIVE POWER – 0 –
		10	SHARED DISPOSITIVE POWER 754,010 shares of Common Stock
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 754,010 shares of Common Stock
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES			[   ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 4.3%
14	TYPE OF REPORTING PERSON CO

CUSIP No. 449489103

1	NAME OF REPORTING PERSONS Emancipation Capital SPV IV LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)  [   ] (b)  [   ]
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)			[   ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER – 0 –
		8	SHARED VOTING POWER 1,033,383 shares of Common Stock
		9	SOLE DISPOSITIVE POWER – 0 –
		10	SHARED DISPOSITIVE POWER 1,033,383 shares of Common Stock
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,033,383 shares of Common Stock
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES			[   ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 5.9%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 449489103

1	NAME OF REPORTING PERSONS Emancipation Capital LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)  [   ] (b)  [   ]
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)			[   ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER – 0 –
		8	SHARED VOTING POWER 1,033,383 shares of Common Stock
		9	SOLE DISPOSITIVE POWER – 0 –
		10	SHARED DISPOSITIVE POWER 1,033,383 shares of Common Stock
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,033,383 shares of Common Stock
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES			[   ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 5.9%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 449489103

1	NAME OF REPORTING PERSONS Circle N Advisors, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)  [   ] (b)  [   ]
3	SEC USE ONLY
4	SOURCE OF FUNDS Not Applicable
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)			[   ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER – 0 –
		8	SHARED VOTING POWER – 0 –
		9	SOLE DISPOSITIVE POWER – 0 –
		10	SHARED DISPOSITIVE POWER – 0 –
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON – 0 –
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES			[   ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) – 0 –
14	TYPE OF REPORTING PERSON OO

CUSIP No. 449489103

1	NAME OF REPORTING PERSONS Charles Frumberg
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)  [   ] (b)  [   ]
3	SEC USE ONLY
4	SOURCE OF FUNDS OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)			[   ]
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER – 0 –
		8	SHARED VOTING POWER 1,787,393 shares of Common Stock
		9	SOLE DISPOSITIVE POWER – 0 –
		10	SHARED DISPOSITIVE POWER 1,787,393 shares of Common Stock
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,787,393 shares of Common Stock
12	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES			[   ]
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5) 10.3%
14	TYPE OF REPORTING PERSON IN

CUSIP No. 449489103

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission on July 28, 2015, Amendment No. 1 thereto filed with the Securities and Exchange Commission on March 9, 2016, Amendment No. 2 thereto filed with the Securities and Exchange Commission on September 27, 2016, Amendment No. 3 thereto filed with the Securities and Exchange Commission on November 16, 2016, Amendment No. 4 thereto filed with the Securities and Exchange Commission on March 27, 2017 and Amendment No. 5 thereto filed with the Securities and Exchange Commission on March 28, 2017  (as so amended, the “Schedule 13D”) with respect to Common Stock of the Issuer.  Terms previously defined in the Schedule 13D are used herein as so defined.

Item 3 is hereby amended and supplemented to state that the shares of Common Stock acquired by SPV IV from the Managed Account on January 18, 2018 were acquired with investment funds contributed by the limited partners of SPV IV.

The following paragraphs of Item 5 are hereby amended and restated to read in their entirety as follows:

(a) – (b) The information requested by these paragraphs is incorporated herein by reference to the information provided on the cover pages to this Amendment No. 6 to Schedule 13D.  Percentage ownership is based on 17,434,293 shares of Common Stock outstanding as of November 8, 2017, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended September 30, 2017 filed with the the Securities and Exchange Commission on November 14, 2017.

(c) On January 18, 2018, the Managed Account sold 315,784 shares of Common Stock, representing its entire holdings of Common Stock, at a price of $6.90 per share.  25,000 of such shares were sold to a non-affiliated third party in a privately-negotiated transaction, and 290,784 of such shares were sold to SPV IV.

CUSIP No. 449489103

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date:  January 22, 2018

	Emancipation Management LLC
	By:	/s/ Charles Frumberg
	Name:	Charles Frumberg
	Title:	Managing Member
	Emancipation Capital Master, Ltd.
	By:	/s/ Charles Frumberg
	Name:	Charles Frumberg
	Title:	Managing Member
	Emancipation Capital SPV IV LLC By Emancipation Capital LLC, its managing member
	By:	/s/ Charles Frumberg
	Name:	Charles Frumberg
	Title:	Managing Member
	Emancipation Capital LLC
	By:	/s/ Charles Frumberg
	Name:	Charles Frumberg
	Title:	Managing Member
	Circle N Advisors, LLC
	By:	/s/ Charles Frumberg
	Name:	Charles Frumberg
	Title:	Chief Executive Officer
	/s/ Charles Frumberg
	Charles Frumberg

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