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

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.