Sec Form 4 Filing - MAVROMMATIS NED @ ID SYSTEMS INC - 2015-03-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MAVROMMATIS NED
2. Issuer Name and Ticker or Trading Symbol
ID SYSTEMS INC [ IDSY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
C/O I.D. SYSTEMS, INC., 123 TICE BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
03/27/2015
(Street)
WOODCLIFF LAKE, NJ07677
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 03/27/2015 F 2,717 ( 1 ) D $ 6.27 126,378 ( 2 ) D
Common Stock, par value $0.01 per share 03/29/2015 F 2,309 ( 1 ) D $ 6.27 124,069 ( 2 ) D
Common Stock, par value $0.01 per share 06/11/2015 A 30,000 ( 3 ) A $ 0 ( 3 ) 154,069 ( 2 ) D
Common Stock, par value $0.01 per share 06/11/2015 M 30,488 A $ 3.54 184,557 ( 2 ) D
Common Stock, par value $0.01 per share 06/11/2015 M 44,643 A $ 2.84 229,200 ( 2 ) D
Common Stock, par value $0.01 per share 06/11/2015 F 33,627 ( 4 ) D $ 6.98 195,573 ( 2 ) D
Common Stock, par value $0.01 per share 06/15/2015 S 40,000 D $ 6.7251 155,573 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 3.54 06/11/2015 M 30,488 06/29/2012 06/29/2019 Common Stock 30,488 $ 0 0 D
Employee Stock Option (right to buy) $ 2.84 06/11/2015 M 44,643 02/05/2013 02/05/2020 Common Stock 44,643 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MAVROMMATIS NED
C/O I.D. SYSTEMS, INC.
123 TICE BOULEVARD
WOODCLIFF LAKE, NJ07677
Chief Financial Officer
Signatures
/s/ Ned Mavrommatis 06/15/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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").
( 2 )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.
( 3 )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.
( 4 )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.

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