Formant Christopher 4
4 · ID SYSTEMS INC · Filed Jun 19, 2018
Insider Transaction Report
Form 4
ID SYSTEMS INCIDSY
Formant Christopher
Director
Transactions
- Award
Stock options (right to buy)
2018-06-15+45,000→ 45,000 totalExercise: $6.41Exp: 2028-06-15→ Common Stock, par value $0.01 per share (45,000 underlying) - Award
Common Stock, par value $0.01 per share
2018-06-15+21,826→ 21,826 total
Footnotes (2)
- [F1]On June 15, 2018 ("Grant Date"), Christopher Formant (the "Reporting Person") was granted 21,826 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company") under the Company's 2018 Incentive Plan (the "Plan"), in consideration of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the Plan, this award vests as to 100% of such shares on June 15, 2019, provided that the Reporting Person is serving as a director of the Company on such date.
- [F2]On the Grant Date, the Reporting Person was granted options to purchase 45,000 shares of Common Stock under the Plan in consideration of his services as a director of the Company. Subject to the terms and conditions of a stock option agreement and the Plan, these options vest in equal increments over a four-year period commencing on the Grant Date, such that 25% of the options will vest on the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is serving as a director of the Company on each such date.