3 1 b318917_form3.txt INI. STMT OF BENEFICIAL OWNERSHIP OF SECURITIES -------------------------- OMB APPROVAL -------------------------- -------------------------- OMB Number: 3235-0104 Form 3 -------------------------- Expires: January 31, 2005 -------------------------- -------------------------- Estimated average burden hours per response...0.5 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person(1) Monaco, Michael P. (Last) (First) (Middle) I.D. Systems, Inc. One University Plaza (Street) Hackensack, NJ 07601 (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 6/5/02 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Issuer Name and Ticker or Trading Symbol I.D. Systems, Inc. (IDSY) 5. Relationship of Reporting Person to Issuer (Check all applicable) /X/ Director / / 10% Owner / / Officer (give title below) / / Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check applicable line) /X/ Form filed by One Reporting Person / / Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned 2. Amount 3. Ownership of Secu- Form: rities Direct 4. Nature of Bene- (D) or Indirect ficially Indirect Beneficial 1. Title of Security Owned (I) Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4) -------------------------------- ------------- ------------- ----------------
(1) If the Form is filed by more than one Reporting Person, see instruction 5(b)(v).
Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 2. Date Exercisable and Expiration Date 3. Title and Amount of Securities Underlying Derivative (Month/Day/Year) Security (Instr. 4) ---------------------- ----------------------------------------------------------- Date Amount or 1. Title of Derivative Exercis- Expiration Title Number of Security (Instr. 4) able Date Shares ---------------------------------------------- ---------- ---------- ---------------------------------------------- ----------- Stock Option (Right to Buy) (1) 6/19/11 Common Stock 16,800 Stock Option (Right to Buy) (2) 6/5/12 Common Stock 15,000 5. Ownership Form of Derivative 4. Conver- Securities: sion or Direct 6. Nature of Exercise (D) or Indirect Price of Indirect Beneficial 1. Title of Derivative Derivative (I) Ownership Security (Instr. 4) Security (Instr. 5) (Instr. 5) ---------------------------------------------- ------------- -------------- -------------- Stock Option (Right to Buy) $5.60 D Stock Option (Right to Buy) $3.30 D
Explanation of Responses: (1) Options vest in 12 equal monthly installments over the one-year period commencing June 19, 2001, the date of grant. (2) Options vest in 48 equal monthly installments over the four-year period commencing on June 5, 2002, the date of grant. /s/ Michael P. Monaco 6/10/02 --------------------------------------- -------------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).