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LENDWAY, INC. — Director's Dealing 2017
Mar 31, 2017
35255_dirs_2017-03-30_150bba37-6848-47f5-882e-f947e29f5ef7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INSIGNIA SYSTEMS INC/MN (ISIG)
CIK: 0000875355
Period of Report: 2017-03-28
Reporting Person: Cherrey Mark (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-28 | Employee Stock Option (right to buy) | $3.03 | H | 7500 | Disposed | 2024-05-21 | Common Stock (7500) | Direct |
| 2017-03-28 | Employee Stock Option (right to buy) | $2.22 | A | 10246 | Acquired | 2024-05-21 | Common Stock (10246) | Direct |
Footnotes
F1: Scheduled to become exercisable with respect to one-third of the underlying shares on each of May 21, 2015, 2016 and 2017.
F2: The two transactions reported involve the adjustment of an outstanding stock option to both (i) reduce the exercise price and (ii) increase the underlying shares of common stock to recognize the $0.70 cash dividend paid to the Issuer's shareholders on January 6, 2017.
F3: Exercisable with respect to two-thirds of the underlying shares. Scheduled to become exercisable with respect to the remaining one-third of the underlying shares on May 21, 2017.