INNOVATIVE SOLUTIONS & SUPPORT INC — Director's Dealing 2013

Jan 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK: 0000836690
Period of Report: 2013-01-25

Reporting Person: Albrecht Ronald (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-25	Employee Stock Option (right to buy)	$5.28	D	30000	Disposed	2021-08-15	Common Stock (30000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$3.78	A	30000	Acquired	2021-08-15	Common Stock (30000)	Direct

Footnotes

F1: The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on August 15, 2011 and provides for vesting in three equal annual installments beginning on August 15, 2012. The employee stock option will be fully vested on August 15, 2014.