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INNOVATIVE SOLUTIONS & SUPPORT INC Director's Dealing 2004

Mar 1, 2004

33638_dirs_2004-03-01_b9a53962-212f-4b1c-9016-29b66ebd648d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK: 0000836690
Period of Report: 2004-02-26

Reporting Person: CHURCHILL WINSTON J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-02-26 Common Stock A 3125 Acquired 10921 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 39472 Indirect

Footnotes

F1: Subject to vesting in four equal amounts at the end of each quarter of the fiscal year.

F2: Mr. Churchill is the Chairman of the Board of CIP Capital Management Inc., the general partner of CIP Capital L.P.