InspireMD, Inc. — Director's Dealing 2011

Aug 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: InspireMD, Inc. (NSPR.OB)
CIK: 0001433607
Period of Report: 2011-08-08

Reporting Person: Stuka Paul (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-08	Options to Purchase Common Stock	$1.95	A	100000	Acquired	2021-08-08	Common stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1333333	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$1.80		Common stock (666666)	666666	Indirect

Footnotes

F1: These securities are held by an investment fund for which Mr. Stuka serves as managing member of the general partner. In such capacity, Mr. Stuka may be deemed to beneficially own the reported securities. Mr. Stuka disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F2: The option is exercisable in three equal annual installments. The first installment becomes exercisable on August 8, 2012, the second installment becomes exercisable on August 8, 2013 and the third installment becomes exercisable on August 8, 2014, provided the option becomes exercisable as to any remaining shares immediately on such date that Mr. Stuka is not re-elected as a director at the issuer's 2012 annual meeting of stockholders or such date that Mr. Stuka is not re-nominated as a director for the issuer's 2012 annual meeting of stockholders.

F3: The warrants have been exercisable, at the holder's election, at all times since their issuance, and expire on April 15, 2016.