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 $0.01 per share ("Common Stock"), of I.D. Systems, Inc. (the "Company"). Of these 5,000 shares, 4,153 shares were withheld by the Company as payment of the option exercise price. The value of the shares withheld is equal to the average of the highest and lowest sales prices of the Common Stock on The NASDAQ Global Market on the date of exercise, in accordance with the Company's Amended 1999 Director Option Plan, as amended to date (the "1999 Plan").
good point. But I think a few other directors have the same expiration and they didn't sell. Is it worth 5000 shares of dilution for the company? Why didn't IDSY just cancel those 5000 shares and issue 1000 in their place that expire in 5 years?
dblosr is the same over-analytical schmuck who would dive into the toilet and examine #$%$ searching for a clue to a stock's performance. He works for the government and is on their clock which explains how he has the time to post sh- t all day.