LENDWAY, INC. — Director's Dealing 2016

May 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2016-05-21

Reporting Person: Gonsior John (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-21	Common Stock	M	1667	—	Acquired	27115	Direct
2016-05-21	Common Stock	F	545	$2.24	Disposed	32719	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-21	Restricted Stock Units	$	M	1667	Acquired		Common Stock (1667)	Direct

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis.

F2: On May 21, 2014, the reporting person was granted 5,000 restricted stock units, vesting in three substantially equal installments beginning on the first anniversary of the grant date.

F3: Includes 30,643 shares acquired between December 31, 2012 and December 31, 2015 pursuant to issuer's employee stock purchase plan.