LENDWAY, INC. — Director's Dealing 2011

Mar 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2011-03-14

Reporting Person: Simcox Scott (Sr. VP of Marketing Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-14	Common Stock	M	6667	$2.8	Acquired	51125	Direct
2011-03-14	Common Stock	M	45000	$3.75	Acquired	96125	Direct
2011-03-14	Common Stock	M	13334	$1.92	Acquired	109459	Direct
2011-03-14	Common Stock	M	5000	$1.95	Acquired	114459	Direct
2011-03-14	Common Stock	M	20000	$1.31	Acquired	134459	Direct
2011-03-14	Common Stock	M	7500	$5.8	Acquired	141959	Direct
2011-03-14	Common Stock	M	35000	$0.96	Acquired	176959	Direct
2011-03-14	Common Stock	M	70000	$1.19	Acquired	246959	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-14	Incentive Stock Option (right to buy)	$0.96	M	35000	Disposed	2015-05-18	Common Stock (35000)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$1.19	M	70000	Disposed	2016-05-16	Common Stock (70000)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$1.31	M	20000	Disposed	2014-05-20	Common Stock (20000)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$1.92	M	13334	Disposed	2018-05-21	Common Stock (13334)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$1.95	M	5000	Disposed	2014-02-19	Common Stock (5000)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$2.8	M	6667	Disposed	2019-05-20	Common Stock (6667)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$3.75	M	45000	Disposed	2017-05-23	Common Stock (45000)	Direct
2011-03-14	Incentive Stock Option (right to buy)	$5.8	M	7500	Disposed	2013-05-20	Common Stock (7500)	Direct