SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LEVY JEFFREY

(Last)

(First)

(Middle)

4212 PICKERING PLACE

(Street)

ALEXANDRIA

22309

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTELLI CHECK INC [ IDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Interim Chairman & Interim CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock $.001 par value	08/14/2007		P		7,100	A	$3.15	23,452	D
Common Stock $.001 par value	08/15/2007		P		1,400	A	$3.15	24,852	D
Common Stock $.001 par value	08/16/2007		P		1,500	A	$3	26,352	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option (Right to Buy)	$6.3	06/21/2007		A		25,000⁽²⁾		06/21/2007	06/21/2012	Common Stock	25,000⁽²⁾	$0	25,000⁽²⁾	D
Option (Right to Buy)	$5.55	06/16/2006		A		7,350		06/16/2006	06/16/2016	Common Stock	7,350	$0	7,350	D
Option (Right to Buy)	$5.64	06/08/2005		A		4,000		06/08/2005	06/08/2015	Common Stock	4,000	$0	4,000	D
Option (Right to Buy)	$5.25	07/08/2004		A		4,000		07/08/2004	07/08/2014	Common Stock	4,000	$0	4,000	D
Option (Right to Buy)	$8.22	07/10/2003		A		79,000		07/10/2003	07/10/2008	Common Stock	79,000	$0	79,000	D
Option (Right to Buy)	$6.22	03/17/2003		A		1,000		03/17/2003	03/17/2008	Common Stock	1,000	$0	1,000	D
Rights⁽¹⁾	$8.5	10/05/2001		A		30		10/05/2001	06/30/2008	Common Stock	30	$0	30	D

Explanation of Responses:

1. Upon a transfer of shares to which the rights attach the rights are no longer exercisable.

2. Currently exercisable to the extent of 4,170 with an additional 2,083 becoming exercisable each month over the next ten months.

	/s/ Jeffrey Levy	08/16/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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