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: KRAMER DONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-26	Common Stock	M	100000	$1.31	Acquired	140000	Direct
2010-05-26	Common Stock	F	23861	$5.49	Disposed	116139	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-26	Non-Qualified Stock Option (right to buy)	$1.31	M	100000	Disposed	2014-05-20	Common Stock (100000)	Direct
2010-05-26	Non-Qualified Stock Option (right to buy)	$5.49	A	5000	Acquired	2020-05-26	Common Stock (5000)	Direct

Footnotes

F1: Payment of option exercise price by withholding of shares in exempt transaction under Rule 16b-3.