0000904454-17-000280.txt : 20170329 0000904454-17-000280.hdr.sgml : 20170329 20170328173924 ACCESSION NUMBER: 0000904454-17-000280 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170329 DATE AS OF CHANGE: 20170328 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ID SYSTEMS INC CENTRAL INDEX KEY: 0000049615 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 223270799 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58109 FILM NUMBER: 17720041 BUSINESS ADDRESS: STREET 1: 123 TICE BOULEVARD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 2019969000 MAIL ADDRESS: STREET 1: 123 TICE BOULEVARD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Emancipation Management LLC CENTRAL INDEX KEY: 0001478861 IRS NUMBER: 020700892 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 605-0661 MAIL ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 s13da_032817-idsystems.htm SCHEDULE 13D-A FOR ID SYSTEMS, INC. BY EMANCIPATION MANAGEMENT LLC


SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
 
ID Systems, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
449489103
(CUSIP Number)
 
 
Mr. Charles Frumberg
Emancipation Capital
825 Third Avenue
New York, New York 10022
(212) 605-0661
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
March 27, 2017
(Date of Event which Requires
Filing of this Schedule)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [X]
 
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

--------------------------
* 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 disclosures provided in a prior cover page.
 
The information required on 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).
 
 
 
 

 
 

 
 
CUSIP No. 449489103

 
 
1
NAME OF REPORTING PERSONS
Emancipation Management LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  [   ]
(b)  [   ]
3
SEC USE ONLY

 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
- 0 -
 
8
SHARED VOTING POWER
1,496,509 shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
1,905,949 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,905,949 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
13.9%
 
14
TYPE OF REPORTING PERSON
OO
 
 
 
 
 

 
2

 
 
CUSIP No. 449489103
 
 
1
NAME OF REPORTING PERSONS
Emancipation Capital Master, Ltd.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  [   ]
(b)  [   ]
3
SEC USE ONLY

 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
- 0 -
 
8
SHARED VOTING POWER
753,910 shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
753,910 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
753,910 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.5%
 
14
TYPE OF REPORTING PERSON
CO
 
 
 
 
 

 
3

 
 
CUSIP No. 449489103

 
1
NAME OF REPORTING PERSONS
Emancipation Capital SPV IV LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  [   ]
(b)  [   ]
3
SEC USE ONLY

 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
- 0 -
 
8
SHARED VOTING POWER
742,599 shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
742,599 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
742,599 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.4%
 
14
TYPE OF REPORTING PERSON
OO
 
 
 
 
 

 
4

 
 
CUSIP No. 449489103

 
1
NAME OF REPORTING PERSONS
Emancipation Capital LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a) 
(b) 
3
SEC USE ONLY

 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
- 0 -
 
8
SHARED VOTING POWER
742,599 shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
742,599 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
742,599 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
5.4%
 
14
TYPE OF REPORTING PERSON
OO
 
 
 
 
 

 
5

 
CUSIP No. 449489103
 
 
1
NAME OF REPORTING PERSONS
Circle N Advisors, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  [   ]
(b)  [   ]
3
SEC USE ONLY

 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
0 shares of Common Stock
 
8
SHARED VOTING POWER
-0-
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
93,656 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
93,656 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
0.7%
 
14
TYPE OF REPORTING PERSON
OO
 
 
 
 
 

 
6

 
 
CUSIP No. 449489103

 
1
NAME OF REPORTING PERSONS
Charles Frumberg
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  [   ]
(b)  [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
- 0 -
 
8
SHARED VOTING POWER
1,496,509 shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
- 0 -
 
10
SHARED DISPOSITIVE POWER
1,905,949 shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,905,949 shares of Common Stock
 
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 [   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)
13.9%
 
14
TYPE OF REPORTING PERSON
IN
 

 
 
 
 

 
7

 
 
CUSIP No. 449489103
 
 
AMENDMENT NO. 5 TO SCHEDULE 13D

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission on July 28, 2015, Amendment No. 1 thereto filed with the Securities and Exchange Commission on March 9, 2016, Amendment No. 2 thereto filed with the Securities and Exchange Commission on September 27, 2016, Amendment No. 3 thereto filed with the Securities and Exchange Commission on November 16, 2016 and Amendment No. 4 thereto filed with the Securities and Exchange Commission on March 27, 2017 (as so amended, the "Schedule 13D") with respect to Common Stock of the Issuer.  Terms previously defined in the Schedule 13D are used herein as so defined.
This Amendment No. 5 to Schedule 13D is being filed solely to correct a typographical error in Amendment No. 4 with respect to Circle N, on its cover page, and to state that Circle N has no voting power over the reported securities.  The cover pages for Emancipation Management and Mr. Frumberg are being corrected to state that they do not have voting power over the shares held in the Managed Account.
 
 
8

 

CUSIP No. 449489103
 
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date:  March 28, 2017
 
Emancipation Management LLC
 
     
 
By:
 /s/ Charles Frumberg
 
 
Name:
Charles Frumberg
 
 
Title:
Managing Member
 
 
 
 
 
       
  
Emancipation Capital Master, Ltd.
 
     
 
By:
 /s/ Charles Frumberg
 
 
Name:
Charles Frumberg
 
 
Title:
Managing Member
 
       
       
 
Emancipation Capital SPV IV LLC
 
By:  Emancipation Capital LLC, its managing member
 
     
 
By:
 /s/ Charles Frumberg
 
 
Name:
Charles Frumberg
 
 
Title:
Managing Member
 
       
       
 
Emancipation Capital LLC
 
     
 
By:
 /s/ Charles Frumberg
 
 
Name:
Charles Frumberg
 
 
Title:
Managing Member
 
       
       
 
Circle N Advisors, LLC
 
     
 
By:
 /s/ Charles Frumberg
 
 
Name:
Charles Frumberg
 
 
Title:
Chief Executive Officer
 
       
       
 
/s/ Charles Frumberg
 
 
Charles Frumberg
 
 
 
 
9