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Filing Details

Accession Number:: 0001140361-12-016594
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-03-19 19:42:31
Reporting Period:: 2012-03-15

Filing Date:: 2012-03-19
Accepted Time:: 2012-03-19 18:42:31
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
1107329	S Kenneth Ehrman	C/O I.d. Systems, Inc. 123 Tice Boulevard Woodcliff Lake NJ 07677	President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Disposition	2012-03-15	8,447	$5.92	548,069	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

Kenneth S. Ehrman (the "Reporting Person") transferred and sold these 8,447 shares (the "Shares") of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") to a family member in consideration of, and in partial repayment for, a personal loan to the Reporting Person. The deemed purchase price for each Share was equal to the closing bid price of the Common Stock on the trade date of March 15, 2012.
This number also includes (i) 17,655 restricted shares of Common Stock which vest on June 29, 2012, provided that the Reporting Person is employed by the Company on such date, (ii) 21,930 restricted shares of Common Stock which vest on February 5, 2013, provided that the Reporting Person is employed by the Company on such date, (iii) 8,020 restricted shares of Common Stock which vest on March 30, 2014, provided that the Reporting Person is employed by the Company on such date, (iv) 49,000 shares of Common Stock held by the Reporting Person's wife's IRA account, and (v) 16,500 shares of Common Stock held by the Reporting Person's 401(k) account.
In reports previously filed by the Reporting Person under Section 16 of the Securities Exchange Act of 1934, as amended, with respect to the Company's Common Stock, this number also had included the number of stock options held by the Reporting Person that were currently exercisable or which would become exercisable within 60 days of the date of the transaction requiring such report. Commencing with this report, the number of stock options held by the Reporting Person has now been properly excluded from the total number of non-derivative securities reported in Table I.