CUSIP NO. 449489 10 3 13G PAGE 1 OF 4 PAGES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
I.D. Systems, Inc.
----------------------------
(Name of Issuer)
Common Stock, $.01 par value
-------------------------------
(Title of Class of Securities)
449489 10 3
------------------------
(CUSIP Number)
December 31, 2002
---------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[ X ] Rule 13d-1 (d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 4 Pages
CUSIP NO. 449489 10 3 13G PAGE 2 OF 4 PAGES
1 NAME OF REPORTING PERSON
------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
-------------------------------------------------
N. BERT LOOSMORE
------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
------------------------------------------------ (b) [ ]
------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------
------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
------------------------------------
UNITED STATES
------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
--------- 537,947
SHARES --------------------------------------------------------------------------------------
------ 6 SHARED VOTING POWER
BENEFICIALLY 0
------------ --------------------------------------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
-------- 537,947
EACH --------------------------------------------------------------------------------------
---- 8 SHARES DISPOSITIVE POWER
REPORTING 0
--------- --------------------------------------------------------------------------------------
PERSON
------
------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-------------------------------------------------------------------------------------------------
537,947
------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
----------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
------------------------------------------------
7.9%
------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
--------------------------
IN
------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 449489 10 3 13G PAGE 3 OF 4 PAGES
Item 1(a). Name of Issuer: I.D. SYSTEMS, INC.
Item 1(b). Address of Issuer's Principal Executive Offices: 1 UNIVERSITY
PLAZA, HACKENSACK, NEW JERSEY 07601
Item 2(a). Name of Person Filing: N. BERT LOOSMORE
Item 2(b). Address of Principal Business Office or if none, Residence: SEE
ITEM 1(B) ABOVE
Item 2(c). Citizenship: SEE ITEM 4 ON PAGE 2
Item 2(d). Title of Class of Securities: COMMON STOCK, $.01 PAR VALUE
Item 2(e). CUSIP Number: 449489 10 3
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned: 537,947
(b) Percent of Class: 7.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 537,947
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
537,947
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class: NOT APPLICABLE
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
NOT APPLICABLE
Item 7. Identification and Classification of Subsidiary Which Acquired the
Securities: NOT APPLICABLE
Item 8. Identification and Classification of Members of the Group: NOT
APPLICABLE
Item 9. Notice of Dissolution of Group: NOT APPLICABLE
Item 10. Certification: NOT APPLICABLE
CUSIP NO. 449489 10 3 13G PAGE 4 OF 4 PAGES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 2003
By: /s/ N. BERT LOOSMORE
------------------------
N. BERT LOOSMORE