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ID Systems Inc. Message Board

  • dbtunr dbtunr Mar 14, 2013 9:15 AM Flag

    Director Monaco sells 5000 shares

    The guy only owns 42,000 shares now and not all fully vested. He exercised at $4+ and sold at $5+. After taxes, he walked away with less than $5000. Really? He really needed $5K that bad? Obviously he doesn't see anything coming in in the short term

    On March 11, 2013, Michael P. Monaco (the "Reporting Person") exercised options to purchase 5,000 shares of common stock, par value $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"). Of these 5,000 shares, 4,153 shares were withheld by the Company as payment of the option exercise price. The value of the shares withheld is equal to the average of the highest and lowest sales prices of the Common Stock on The NASDAQ Global Market on the date of exercise, in accordance with the Company's Amended 1999 Director Option Plan, as amended to date (the "1999 Plan").

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