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Filing Details

Accession Number:: 0001144204-12-063344
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-11-15 18:42:47
Reporting Period:: 2012-11-13

Filing Date:: 2012-11-15
Accepted Time:: 2012-11-15 18:42:47
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
1134241	S Lawrence Burstein	C/O I.d. Systems, Inc. 123 Tice Boulevard Woodcliff Lake, NJ 07677		Yes	No	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	2012-11-13	4,090	$5.64	48,888	No	4	S	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2012-11-14	4,510	$5.45	44,378	No	4	S	Direct

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

Footnotes

The sales price of the shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"), reported in Column 4 of this report is a weighted-average price. The shares of Common Stock sold by Lawrence S. Burstein (the "Reporting Person") on November 13, 2012, were sold in multiple transactions at prices ranging from $5.50 to $5.80, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the Staff of the Securities and Exchange Commission ("SEC"), upon request, full and complete information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this Footnote (1).
The sales price of the shares of Common Stock reported in Column 4 of this report is a weighted-average price. The shares of Common Stock sold by the Reporting Person on November 14, 2012, were sold in multiple transactions at prices ranging from $5.40 to $5.60, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the Staff of the SEC, upon request, full and complete information regarding the number of shares of Common Stock sold at each separate price within the range set forth in this Footnote (2).
This number also includes (i) 8,499 restricted shares of Common Stock which vest in equal increments of 25% on a quarterly basis over a one-year period that commenced on March 29, 2012, (ii) 9,000 restricted shares of Common Stock which vest over a five-year period that commenced on June 29, 2009, with 20% of such shares vesting on each anniversary of such date, (iii) 10,563 restricted shares of Common Stock which vest over a five-year period that commenced on February 5, 2010, with 20% of such shares vesting on each anniversary of such date, and (iv) 6,416 restricted shares of Common Stock which vest over a five-year period that commenced on March 30, 2011, with 20% of such shares vesting on each anniversary of such date, and, in each case, provided that the Reporting Person is a director of the Company on the applicable vesting date.