Charles Frumberg‘s Emancipation Capital has sold about 233,000 shares of I.D. Systems, Inc. (NASDAQ:IDSY) according to a new 13D filing. Mr. Frumberg’s firm now owns 1.04 million shares of the company, amounting to 7.7% of its common stock. The full content of the filing can be found below.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Emancipation Management | 1,038,594 | 1,038,594 | 1,038,594 | (see Item 5) 7.7% | ||
Emancipation Capital Master, Ltd | 753,810 | 753,810 | 753,810 | (see Item 5) 5.6% | ||
Charles Frumberg | 1,038,594 | 1,038,594 | 1,038,594 | (see Item 5) 7.7% |
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Page 1 of 6 SEC Filing
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) |
March 8, 2016 |
(Date of Event which Requires Filing of this Schedule) |
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Page 2 of 6 SEC Filing
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 753,810 shares of Common Stock | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 753,810 shares of Common Stock | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 753,810 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) 5.6% | ||
14 | TYPE OF REPORTING PERSON CO |
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Page 3 of 6 SEC Filing
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 1,038,594 shares of Common Stock | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 1,038,594 shares of Common Stock | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,038,594 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) 7.7% | ||
14 | TYPE OF REPORTING PERSON IN |
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Page 4 of 6 SEC Filing
Item 3. | SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. |
Item 5. | INTEREST IN SECURITIES OF THE ISSUER. |
Trade Date | Shares Purchased (Sold) | Price Per Share ($)* |
01/29/2016 | 7,300 | 4.03 |
02/01/2016 | 3,000 | 4.04 |
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 |
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Page 5 of 6 SEC Filing
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: | Director | ||
| |||
/s/ Charles Frumberg | |||
Charles Frumberg |