LENDWAY, INC. — Director's Dealing 2012

Feb 9, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2011-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-09	Common Stock	J	70591	$1.92	Disposed	282577	Direct
2011-12-09	Common Stock	J	70591	$1.92	Acquired	73591	Indirect

Footnotes

F1: A change from direct to indirect ownership.