LENDWAY, INC. — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2011-03-04

Reporting Person: DRILL SCOTT (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-04	Common Stock	M	40000	$1.31	Acquired	273356	Direct
2011-03-04	Common Stock	M	73302	$0.96	Acquired	346658	Direct
2011-03-04	Common Stock	M	100000	$1.19	Acquired	446658	Direct
2011-03-04	Common Stock	M	52587	$3.75	Acquired	499245	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-04	Incentive Stock Option (right to buy)	$0.96	M	73302	Disposed	2015-05-18	Common Stock (73302)	Direct
2011-03-04	Incentive Stock Option (right to buy)	$1.19	M	100000	Disposed	2016-05-16	Common Stock (100000)	Direct
2011-03-04	Incentive Stock Option (right to buy)	$1.31	M	40000	Disposed	2014-05-20	Common Stock (40000)	Direct
2011-03-04	Incentive Stock Option (right to buy)	$3.75	M	52587	Disposed	2017-05-23	Common Stock (52587)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect