Page 4 of 6 SEC Filing
CUSIP No. 449489103
This Amendment No. 1 (“Amendment No. 1”) amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission on July 28, 2015 (the “Original Schedule 13D” and together with this Amendment No. 1, the “Schedule 13D”) with respect to the shares of common stock, par value $0.01 per share (the “Common Stock”), of ID Systems, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein and not otherwise defined in this Amendment No. 1 have the meanings set forth in the Original Schedule 13D. This Amendment No. 1 amends Items 3 and 5 as set forth below.
| Item 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. |
As of March 9, 2016 the Reporting Persons used a total of $6,163,776 in the aggregate to acquire the shares of Common Stock held by Emancipation Master Ltd. and the Managed Account reported in this Schedule 13D. The shares of Common Stock directly held by Emancipation Master Ltd. and the Managed Account were acquired with investment funds in accounts under management.
| Item 5. | INTEREST IN SECURITIES OF THE ISSUER. |
(a) See Items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentages of the Common Stock beneficially owned by each of the Reporting Persons. The aggregate number and percentage of shares of Common Stock reported herein are based upon the 13,471,218 shares of Common Stock outstanding as of November 9, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015 as filed with the the Securities and Exchange Commission on November 13, 2015.
(b) Information concerning the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or direct the disposition is set forth in Items 7 through 10 of the cover pages to this Schedule 13D for each such Reporting Person and is incorporated herein by reference for each such Reporting Person.
(c) Information concerning transactions in the Common Stock effected by the Reporting Persons during the past sixty days is set forth in the table below. As of the date of this Schedule 13D, Emancipation Master Ltd. is the only Reporting Person and Emancipation Master Ltd. and the Managed Account are the only entities or individuals that directly own Common Stock reported herein. Unless otherwise indicated, all transactions were effectuated in the open market through a broker.
Emancipation Master Ltd.
| Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
| 01/29/2016 | 7,300 | 4.03 |
| 02/01/2016 | 3,000 | 4.04 |
Emancipation Management
| Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
| 01/29/2016 | 6,500 | 4.03 |
| 02/23/2016 | (100,000) | 4.00 |
| 03/04/2016 | (50,000) | 4.10 |
| 03/08/2016 | (100,000) | 4.25 |
* Excluding commissions.
(d) Except as set forth in this Item 5, no person other than each respective direct owner of Common Stock referred to herein is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Stock.
(e) Not applicable.
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