Intellicheck, Inc. — Director's Dealing 2008

Mar 26, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Intelli Check Mobilisa, Inc (IDN)
CIK: 0001040896
Period of Report: 2008-03-14

Reporting Person: Ludlow Bonnie L (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	7996364	Direct
Common stock	4158456	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options (Right to buy)	$0.23	2013-03-27	Common stock (10910)		Direct
Options (Right to buy)	$0.46	2016-04-18	Common stock (10910)		Direct
Private call (Obligation to sell)	$0.46	2011-03-14	Common stock (310935)		Direct
Private call (Obligation to sell)	$0.46	2011-03-14	Common stock (545500)		Direct
Private call (Obligation to sell)	$0.46	2011-03-14	Common stock (218200)		Direct
Private call (Obligation to sell)	$0.46	2011-03-14	Common stock (92735)		Direct
Private call (Obligation to sell)	$0.46	2011-03-14	Common stock (92735)		Direct

Footnotes

F1: Represents shares owned by Ms. Ludlow's spouse as to which she disclaims beneficial ownership.

F2: Options subject to the grant are fully exercisable.

F3: Ms. Ludlow has the obligation to sell said shares pursuant to Grant of Call Right Agreements with Steven Williams, a officer of the company, entered into in April, 2007.

F4: Ms. Ludlow has the obligation to sell said shares pursuant to a Grant of Call Right Agreement with John Paxton, a director of the company, entered into in April 2007.

F5: Ms. Ludlow has the obligation to sell said shares pursuant to a Grant of Call Right Agreement with Claudia Monroe, an employee of the company, entered into in April 2007.

F6: Ms. Ludlow has the obligation to sell said shares pursuant to a Grant of Call Right Agreements with Kenna Pope, an employee of the company, entered into in April, 2007.