OMB APPROVAL

OMB Number:3235-0101 Expires: February 28, 2014

Estimated average burden hours per response 1.00


 

SEC USE ONLY

DOCUMENT SEQUENCE NO.

 

CUSIP NUMBER

 

WORK LOCATION

 


  

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.

 

(b) IRS IDENT. NO.

22-3270799

 

(c) S.E.C. FILE NO.

 001-15087

 

    
1 ( d ) ADDRESS OF ISSUER                            STREET                     CITY                STATE                          ZIP CODE (e) TELEPHONE NO.

 

123 Tice Boulevard     Woodcliff Lake     NJ     07677

 

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)

 

 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

 

 

 

 

 

        

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.

 

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)