LENDWAY, INC. — Director's Dealing 2009

Feb 17, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2008-12-31

Reporting Person: DRILL SCOTT (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-28	Common Stock	G	22500	—	Disposed	45000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	218654	Direct

Footnotes

F1: Gifted Shares.