LENDWAY, INC. — Director's Dealing 2010

May 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2010-05-26

Reporting Person: Lucas A Thomas (Sr. Vice President, Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-26	Incentive Stock Option (right to buy)	$5.49	A	20000	Acquired	2020-05-26	Common Stock (20000)	Direct

Footnotes

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