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SEC USE ONLY |
DOCUMENT SEQUENCE NO.
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CUSIP NUMBER
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WORK LOCATION
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UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM 144 |
NOTICE OF PROPOSED SALE OF SECURITIES |
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 |
ATTENTION: | Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. |
1 (a) NAME OF ISSUER (Please type or print) I.D. Systems, Inc.
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(b) IRS IDENT. NO. 22-3270799
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(c) S.E.C. FILE NO. 001-15087
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1 ( d ) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE | (e) TELEPHONE NO. | ||||||||
123 Tice Boulevard Woodcliff Lake NJ 07677
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AREA CODE 201 |
NUMBER
996-9000 | |||||||
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD |
(b) RELATIONSHIP TO ISSUER |
(c) ADDRESS STREET CITY STATE ZIP CODE | |||||||
Michael Loren Ehrman | Officer | 31 Hampshire Hill Rd. U. Saddle River NJ 07458 | |||||||
INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
3 (a) | (b) | SEC USE ONLY | (c) | (d) | (e) | (f) | (g) | ||||||
Title of the Class of Securities To Be Sold |
Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities |
Broker-Dealer File Number |
Number of Shares or Other Units To Be Sold (See instr. 3(c)) |
Aggregate Market Value (See instr. 3(d)) |
Number of Shares or Other Units Outstanding (See instr. 3(e)) |
Approximate Date of Sale (See instr. 3(f)) (MO. DAY YR.) |
Name of Each Securities Exchange (See instr. 3(g)) | ||||||
Common Stock |
Jones Trading Institutional Services 32133 Lindero Canyon Rd. Westlake Village, CA 91361 |
20,000 | 107,000(1) |
12,113,674(2)
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05/20/13 | NASDAQ Global Market | |||||||
INSTRUCTIONS: | 3. | (a) | Title of the class of securities to be sold | ||||||||||
1. | (a) | Name of issuer | (b) | Name and address of each broker through whom the securities are | |||||||||
(b) | Issuer’s I.R.S. Identification Number | intended to be sold | |||||||||||
(c) | Issuer’s S.E.C. file number, if any | (c) | Number of shares or other units to be sold (if debt securities, give the | ||||||||||
(d) | Issuer’s address, including zip code | aggregate face amount) | |||||||||||
(e) | Issuer’s telephone number, including area code | (d) | Aggregate market value of the securities to be sold as of a specified | ||||||||||
(f) | Approximate date on which the securities are to be sold | date within 10 days prior to the filing of this notice | |||||||||||
(g) | Name of each securities exchange, if any, on which the securities are intended to be sold | (e) | Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer | ||||||||||
(f) | Approximate date on which the securities are to be sold | ||||||||||||
2. | (a) | Name of person for whose account the securities are to be sold | (g) | Name of each securities exchange, if any, on which the securities are intended to be sold | |||||||||
(b) | Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing) | ||||||||||||
(c) | Such person’s address, including zip code | ||||||||||||
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.
SEC 1147 (08-07)
TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:
Title of the Class |
Date you Acquired | Nature of Acquisition Transaction |
Name of Person from Whom Acquired (If gift, also give date donor acquired) |
Amount of Securities Acquired | Date of Payment | Nature of Payment | |||
Common Stock | 07/01/96 | Stock Purchase from the Issuer | I.D. Systems, Inc. | 81,525 | 07/01/96 | Cash | |||
INSTRUCTIONS: If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid. | |||||||||
TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
Name and Address of Seller |
Title of Securities Sold |
Date of Sale |
Amount of Securities Sold |
Gross Proceeds |
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REMARKS:
(1) Based on the closing sales price ($5.35) of the common stock of I.D. Systems, Inc. on May 20, 2013, as reported on the NASDAQ Global Market.
(2) Represents number of shares of common stock of I.D. Systems, Inc. outstanding as of May 8, 2013.
INSTRUCTIONS: See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. |
ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If each person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
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May 20, 2013 | /s/ Michael Ehrman | |
DATE OF NOTICE | (SIGNATURE) | |
DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION, IF RELYING ON RULE 10B5-1 |
The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures. |
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001) |