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: Askarpour Shahram (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-25	Employee Stock Option (right to buy)	$8.90	D	12000	Disposed	2014-03-19	Common Stock (12000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$14.167	D	15000	Disposed	2014-07-27	Common Stock (15000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$13.45	D	20000	Disposed	2016-01-11	Common Stock (20000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$7.77	D	20000	Disposed	2018-02-21	Common Stock (20000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$5.28	D	45000	Disposed	2021-08-15	Common Stock (45000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$3.98	D	250000	Disposed	2022-02-21	Common Stock (250000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$7.4	A	12000	Acquired	2014-03-19	Common Stock (12000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$12.667	A	15000	Acquired	2014-07-27	Common Stock (15000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$11.95	A	20000	Acquired	2016-01-11	Common Stock (20000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$6.27	A	20000	Acquired	2018-02-21	Common Stock (20000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$3.78	A	45000	Acquired	2021-08-15	Common Stock (45000)	Direct
2013-01-25	Employee Stock Option (right to buy)	$2.48	A	250000	Acquired	2022-02-21	Common Stock (250000)	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 March 19, 2004 and is currently exercisable.

F2: 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 July 27, 2004 and is currently exercisable.

F3: 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 January 11, 2006 and is currently exercisable.

F4: 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 February 21, 2008 and provides for vesting in five equal annual installments beginning on February 21, 2009. The employee stock option will be fully vested on February 21, 2013.

F5: 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.

F6: 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 February 21, 2012 and provides for vesting in three equal annual installments beginning on February 21, 2013. The employee stock option will be fully vested on February 21, 2015.