X0101 4 2003-05-20 0 0000875355 INSIGNIA SYSTEMS INC/MN ISIG 0001122091 DRILL SCOTT 1 1 President and CEO Incentive Stock Option 5.800 2003-05-20 4 A 0 35000 5.800 A 2004-05-20 2013-05-20 CS 35000 160000 D Securities vest in three equal annual installments, with the first installment vesting on 5/20/04. /s/ Scott Drill 2003-05-20