INNOVATIVE SOLUTIONS & SUPPORT INC — Director's Dealing 2014

Feb 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK: 0000836690
Period of Report: 2014-02-13

Reporting Person: Askarpour Shahram (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-13	Common Stock	M	30000	$3.78	Acquired	31200	Direct
2014-02-13	Common Stock	M	12000	$7.4	Acquired	43200	Direct
2014-02-13	Common Stock	S	42000	$8.12	Disposed	1200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-13	Employee Stock Option (right to buy)	$3.78	M	30000	Disposed	2021-08-15	Common Stock (30000)	Direct
2014-02-13	Employee Stock Option (right to buy)	$7.40	M	12000	Disposed	2014-03-19	Common Stock (12000)	Direct

Footnotes

F1: The option to purchase 45,000 shares of Common Stock 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.

F2: The option was originally granted on March 19, 2004 and is currently exercisable.