DIGITAL ALLY, INC. — Director's Dealing 2012

May 31, 2012

SEC Form 4/A — Form 4/A

Issuer: DIGITAL ALLY INC (DGLY)
CIK: 0001342958
Period of Report: 2012-04-24

Reporting Person: Gans Stephen (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-24	Common Stock	P	50000	$0.6762	Acquired	2535083	Direct
2012-04-26	Common Stock	P	1349	$0.7289	Acquired	2536432	Direct
2012-04-27	Common Stock	P	10000	$0.7798	Acquired	2546432	Direct
2012-04-30	Common Stock	P	5530	$0.6902	Acquired	2551962	Direct
2012-05-03	Common Stock	P	130	$0.68	Acquired	2552092	Direct
2012-05-04	Common Stock	P	18511	$0.6466	Acquired	2570603	Direct
2012-05-07	Common Stock	P	16053	$0.6226	Acquired	2586656	Direct
2012-05-15	Common Stock	P	2599	$0.63	Acquired	2589255	Direct
2012-05-23	Common Stock	P	2310	$0.5	Acquired	2591565	Direct
2012-05-25	Common Stock	P	20000	$0.5	Acquired	2611565	Direct
2012-05-25	Common Stock	P	35000	$0.44	Acquired	2646565	Direct
2012-05-25	Common Stock	P	25000	$0.44	Acquired	2671565	Direct

Footnotes

F1: On May 25, 2012, the Reporting Person was granted 35,000 restricted shares of common stock under the Digital Ally, Inc. 2007 Stock Option and Restricted Stock Plan. These shares will vest half (17,500 common shares) on November 1, 2012 and the remaining half (17,500 common shares) on May 1, 2013 provided that the Reporting Person remains a member of the Company's Board of Directors at such point in time.

F2: On May 25, 2012, the Reporting Person was granted 25,000 restricted shares of common stock under the Digital Ally, Inc. 2007 Stock Option and Restricted Stock Plan. These shares will vest as follows: 10% (2,500 Common Shares) on May 24, 2013; 20% (5,000 Common Shares) on May 24, 2014; 30% (7,500 Common Shares) on May 24, 2015; and 40% (10,000 Common Shares) on May 24, 2016 provided that the Reporting Person remains a member of the Company's Board of Directors at such point in time.