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INNOVATIVE SOLUTIONS & SUPPORT INC Director's Dealing 2007

Apr 23, 2007

33638_dirs_2007-04-23_6172347d-255b-4103-90f5-7ef0ffe7e0ff.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: 2007-04-20

Reporting Person: STRS OHIO (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-04-20 Innovative Solutions and Support Inc. S 234500 $22.5 Disposed 2037150 Direct
2007-04-20 Innovative Solutions and Support Inc. S 373600 $25 Disposed 1663550 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-04-20 commom stock call option $22.5 X 2345 Disposed 2007-04-21 Innovative Solutions and Support Inc. (234500) Direct
2007-04-20 common stock call option $25 X 3736 Disposed 2007-04-21 Innovative Solutions and Support Inc. (373600) Direct

Footnotes

F1: represents an obligation to sell

F2: represents an obligation to sell