LENDWAY, INC. — Director's Dealing 2008

May 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2008-05-12

Reporting Person: RAMSDELL W ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-12	Common Stock	S	28000	$2	Disposed	893550	Indirect

Footnotes

F1: Shares sold pursuant to Trading Plan adopted on May 12, 2008, in accordance with the requirements of SEC Rule 10b5-1 under the Securities Exchange Act of 1934.

F2: Shares are held in The Ramsdell Family Trust of which Mr. Ramsdell is co-trustee.