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INNOVATIVE SOLUTIONS & SUPPORT INC Director's Dealing 2011

May 9, 2011

33638_dirs_2011-05-09_96b83ffd-778a-4215-84aa-69f0c1510e47.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: 2011-05-05

Reporting Person: HEDRICK GEOFFREY S M (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-05-05 Common Stock G 10568 $0.00 Disposed 0 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3556515 Direct

Footnotes

F1: In January 2009, the reporting person contributed 25,000 shares of Innovative Solutions and Support, Inc. Common Stock to the Hedrick January 2009 Grantor Retained Annuity Trust for Douglas H. Hedrick for the benefit of himself and his child. Upon termination of the trust on May 5, 2011, 10,568 shares were transferred to the reporting person's child. The remaining 14,432 shares were distributed to the reporting person and continue to be reported in this Form 4 as directly owned.