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Filing Details

Accession Number:: 0001144204-15-037301
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-06-15 19:23:35
Reporting Period:: 2015-03-27

Filing Date:: 2015-06-15
Accepted Time:: 2015-06-15 19:23:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
49615	Id Systems Inc	IDSY	Communications Equipment, Nec (3669)	223270799

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1113291	Ned Mavrommatis	C/O I.d. Systems, Inc. 123 Tice Boulevard Woodcliff Lake NJ 07677	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.01 Per Share	Disposition	2015-03-27	2,717	$6.27	126,378	No	4	F	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2015-03-29	2,309	$6.27	124,069	No	4	F	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2015-06-11	30,000	$0.00	154,069	No	4	A	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2015-06-11	30,488	$3.54	184,557	No	4	M	Direct
Common Stock, Par Value $0.01 Per Share	Acquisiton	2015-06-11	44,643	$2.84	229,200	No	4	M	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2015-06-11	33,627	$6.98	195,573	No	4	F	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2015-06-15	40,000	$6.73	155,573	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	F	Direct
No	4	A	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-06-11	30,488	$0.00	30,488	$3.54
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-06-11	44,643	$0.00	44,643	$2.84

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-06-29	2019-06-29	No	4	M	Direct
0	2013-02-05	2020-02-05	No	4	M	Direct

Footnotes

These shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to Ned Mavrommatis (the "Reporting Person"), as permitted under the Company's 2007 Equity Compensation Plan, as amended (the "Plan").
This number also includes (i) 7,500 restricted shares of Common Stock which vest on March 27, 2016, provided that the Reporting Person is employed by the Company on such date, (ii) 6,991 restricted shares of Common Stock which vest on April 4, 2016, provided that the Reporting Person is employed by the Company on such date, and (iii) 50,000 restricted shares of Common Stock which vest as to 25% of such shares on each of September 8, 2015, September 8, 2016, September 8, 2017 and September 8, 2018, provided that the Reporting Person is employed by the Company on each such date.
On June 11, 2015 (the "Grant Date"), the Reporting Person was granted 30,000 restricted shares of Common Stock under the Plan, in consideration of his services as an officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date; provided that the Reporting Person is employed by the Company on each such date.
These shares were withheld by the Company pursuant to the terms of the Plan to pay the exercise price of the options exercised, as reported herein, and to satisfy tax withholding obligations.