SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BURSTEIN LAWRENCE S

(Last) (First) (Middle)
C/O ID SYSTEMS, INC.
ONE UNIVERSITY PLACE

(Street)
HACKENSACK NJ 07601

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ID SYSTEMS INC [ IDSY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share 08/05/2005 X 5,000 A $3.625 67,084(1) D
Common Stock, par value $.01 per share 08/05/2005 X 5,000 A $2.625 67,084(2) D
Common Stock, par value $.01 per share 08/05/2005 X 5,000 A $3.375 67,084(3) D
Common Stock, par value $.01 per share 08/05/2005 S 600 D $17.2 66,484(3) D
Common Stock, par value $.01 per share 08/05/2005 S 1,700 D $17.22 64,784(3) D
Common Stock, par value $.01 per share 08/05/2005 S 700 D $17.23 64,084(3) D
Common Stock, par value $.01 per share 08/05/2005 S 2,900 D $17.24 61,184(3) D
Common Stock, par value $.01 per share 08/05/2005 S 1,932 D $17.25 59,252(3) D
Common Stock, par value $.01 per share 08/05/2005 S 1,700 D $17.26 57,552(3) D
Common Stock, par value $.01 per share 08/05/2005 S 100 D $17.28 57,452(3) D
Common Stock, par value $.01 per share 08/05/2005 S 2,568 D $17.29 57,884(3) D
Common Stock, par value $.01 per share 08/05/2005 S 200 D $17.3 54,684(3) D
Common Stock, par value $.01 per share 08/05/2005 S 200 D $17.31 54,484(3) D
Common Stock, par value $.01 per share 08/05/2005 S 300 D $17.32 54,184(3) D
Common Stock, par value $.01 per share 08/05/2005 S 2,000 D $17.33 52,184(3) D
Common Stock, par value $.01 per share 08/05/2005 S 100 D $17.36 52,084(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (right to buy) $3.625 08/05/2005 X 5,000 (4) 10/02/2010 Common Stock, par value $.01 5,000 $0 0 D
Options (right to buy) $2.625 08/05/2005 X 5,000 (5) 01/02/2011 Common Stock, par value $.01 5,000 $0 0 D
Options (right to buy) $3.375 08/05/2005 X 5,000 (6) 04/02/2011 Common Stock, par value $.01 5,000 $0 0 D
Explanation of Responses:
1. Includes 58,584 shares of Common Stock, par value $.01 per share, of I.D. Systems, Inc. (the "Common Stock") issuable upon exercise of options granted to Mr. Burstein pursuant to the Company's 1999 Director Option Plan (the "Plan"), which options are exercisable within 60 days of the date of this Form 4.
2. Includes 53,584 shares of Common Stock issuable upon exercise of options granted to Mr. Burstein pursuant to the Plan, which options are exercisable within 60 days of the date of this Form 4.
3. Includes 48,584 shares of Common Stock issuable upon exercise of options granted to Mr. Burstein pursuant to the Plan, which options are exercisable within 60 days of the date of this Form 4.
4. Options vested on a cumulative monthly bais over a four-year period beginning October 2, 2000.
5. Options vested on a cumulative monthly bais over a four-year period beginning January 2, 2001.
6. Options vested on a cumulative monthly bais over a four-year period beginning April 2, 2001.
/s/ Lawrence Burstein 08/09/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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