Like he said, it is the 4 digit ID # of the radio and it is displayed on the dispatch console. The PC based consoles can also show a name Alias with the number. Some mobile and portable radio can also decode and dispay these ID's as well. It could be either Motorola MDC, GE Star, or Kenwood Fleetsync. They all sound somewhat similar and do the same thing.
When a unit presses the emergency button, it sends an emergency signal, not just the ID. The console will decode it as an emergency ID and show it as such so the dispatcher knows the unit is in trouble (like a silent panic). It will continue sending the emergency ID every few seconds until one of the following takes place:
1. The console sends an acknoledge data burst telling the raido the alarm was received and it can stop now.
2. The retry counter on the radio expires. They can be set to send the emergency ID any number of times before giving up or be infinate until acknoleged or reset.
3. The user must reset the radio by pressing the PTT, pressing the emergency button again, or turning it off and back on. Unless programmed otherwise, the radios speaker and microphone are muted after pressing the emergency button (hence the "silent panic" thing).