LENDWAY, INC. — Director's Dealing 2011

Dec 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2011-12-16

Reporting Person: BOEHNEN DAVID L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-16	Non-Qualified Stock Option (right to buy)	$2.09	A	10000	Acquired	2021-12-16	Common Stock (10000)	Direct
2011-12-16	Non-Qualified Stock Option (right to buy)	$2.09	A	19700	Acquired	2021-12-16	Common Stock (19700)	Direct

Footnotes

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