LENDWAY, INC. — Director's Dealing 2006

Sep 1, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2006-08-24

Reporting Person: Simcox Scott (Sr. VP of Marketing Services)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25665	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$0.96	2015-05-18	Common Stock (35000)		Direct
Incentive Stock Option (right to buy)	$1.19	2016-05-16	Common Stock (70000)		Direct
Incentive Stock Option (right to buy)	$1.31	2014-05-20	Common Stock (20000)		Direct
Incentive Stock Option (right to buy)	$1.95	2014-02-19	Common Stock (5000)		Direct
Incentive Stock Option (right to buy)	$4.281	2010-04-11	Common Stock (10000)		Direct
Incentive Stock Option (right to buy)	$5.8	2013-05-20	Common Stock (7500)		Direct
Incentive Stock Option (right to buy)	$7.87	2011-05-17	Common Stock (10000)		Direct
Incentive Stock Option (right to buy)	$9.3	2012-05-22	Common Stock (10000)		Direct

Footnotes

F1: Exercisable in annual one-third increments on the first, second, and third anniversaries of the date of this option grant.