LENDWAY, INC. — Director's Dealing 2011

Mar 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2011-03-08

Reporting Person: Jones Alan (Sr. VP CPG & Retail Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-08	Common Stock	S	7069	$6.8	Disposed	3666	Direct
2011-03-09	Common Stock	M	3599	$1.95	Acquired	7265	Direct
2011-03-09	Common Stock	F	1047	$6.7	Disposed	6218	Direct
2011-03-09	Common Stock	M	30000	$1.19	Acquired	36218	Direct
2011-03-09	Common Stock	F	5328	$6.7	Disposed	30890	Direct
2011-03-09	Common Stock	M	45000	$3.75	Acquired	75890	Direct
2011-03-09	Common Stock	F	25186	$6.7	Disposed	50704	Direct
2011-03-09	Common Stock	M	13334	$1.92	Acquired	64038	Direct
2011-03-09	Common Stock	F	3821	$6.7	Disposed	60217	Direct
2011-03-09	Common Stock	M	6667	$2.8	Acquired	66884	Direct
2011-03-09	Common Stock	F	2786	$6.7	Disposed	64098	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-09	Incentive Stock Option (right to buy)	$1.19	M	30000	Disposed	2016-05-16	Common Stock (30000)	Direct
2011-03-09	Incentive Stock Option (right to buy)	$1.92	M	13334	Disposed	2018-05-21	Common Stock (13334)	Direct
2011-03-09	Incentive Stock Option (right to buy)	$1.95	M	3599	Disposed	2014-02-19	Common Stock (3599)	Direct
2011-03-09	Incentive Stock Option (right to buy)	$2.8	M	6667	Disposed	2019-05-20	Common Stock (6667)	Direct
2011-03-09	Incentive Stock Option (right to buy)	$3.75	M	45000	Disposed	2017-05-23	Common Stock (45000)	Direct