LENDWAY, INC. — Director's Dealing 2010

Jan 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2010-01-11

Reporting Person: STOFER GORDON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-11	Common Stock	M	5000	$4	Acquired	18162	Direct
2010-01-11	Common Stock	M	5000	$1.31	Acquired	23162	Direct
2010-01-11	Common Stock	M	5000	$0.96	Acquired	28162	Direct
2010-01-11	Common Stock	M	5000	$1.19	Acquired	33162	Direct
2010-01-11	Common Stock	M	5000	$3.75	Acquired	38162	Direct
2010-01-11	Common Stock	M	5000	$1.92	Acquired	43162	Direct
2010-01-11	Common Stock	M	5000	$2.8	Acquired	48162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-11	Non-Qualified Stock Option (right to buy)	$0.96	M	5000	Disposed	2015-05-18	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$1.19	M	5000	Disposed	2016-05-16	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$1.31	M	5000	Disposed	2014-05-20	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$1.92	M	5000	Disposed	2018-05-21	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$2.8	M	5000	Disposed	2019-05-20	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$3.75	M	5000	Disposed	2017-05-23	Common Stock (5000)	Direct
2010-01-11	Non-Qualified Stock Option (right to buy)	$4	M	5000	Disposed	2010-05-17	Common Stock (5000)	Direct