INNOVATIVE SOLUTIONS & SUPPORT INC — Director's Dealing 2020

Aug 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK: 0000836690
Period of Report: 2020-08-10

Reporting Person: Askarpour Shahram (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-10	Common Stock	M	12840	$3.78	Acquired	19340	Direct
2020-08-10	Common Stock	S	12840	$7.0026	Disposed	6500	Direct
2020-08-11	Common Stock	M	2160	$3.78	Acquired	8660	Direct
2020-08-11	Common Stock	S	2160	$7.0118	Disposed	6500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-10	Employee Stock Option	$3.78	M	12840	Disposed	2021-08-15	Common Stock (12840)	Direct
2020-08-11	Employee Stock Option	$3.78	M	2160	Disposed	2021-08-15	Common Stock (2160)	Direct

Footnotes

F1: Exercise of Dr. Askarpour's stock options that would otherwise expire August 15, 2021, of which shares were sold to pay the exercise price, to cover withholding taxes, and to pay broker fees and commissions, pursuant to a broker-assisted cashless exercise and sale

F2: As of January 22, 2020, and prior to this transaction, the exercised options were fully vested.