X0303 4/A 2010-01-16 2010-01-20 0 0000941685 IMAGEWARE SYSTEMS INC IWSY.PK 0001236382 HOLLERAN JOHN L 10883 THORNMINT ROAD SAN DIEGO CA 92127 1 0 0 0 Stock Options 2.74 2010-01-16 4 D 0 2000 D 2015-02-03 Common Stock 2000 5000 D Stock Options 3.07 2010-01-16 4 D 0 2000 D 2014-01-05 Common Stock 2000 5000 D Amended to correct exercise price of derivative securities. The cancelled options provided vesting of one third on 2/3/2006, and installments of one-eighth of the remainder per quarter over the following eight quarters thereafter. On January 16, 2010, the issuer cancelled, pursuant to the issuer's option exchange program, certain options granted to the reporting person on March 26, 2002, September 4, 2002, January 7, 2003, January 5, 2004, February 3, 2005, September 27, 2005, January 13, 2006, April 3, 2007, and January 2, 2008. In exchange for the options cancelled, the reporting person received a grant of 24,157 shares of restricted stock subject to a three-year vesting schedule, vesting one-twelfth on each quarterly anniversary of the grant date. Amended to correct derivative securities acquired and disposed of. The cancelled options provided vesting of one third on 1/4/2005, and installments of one-eighth of the remainder per quarter over the following eight quarters thereafter. Wayne G. Wetherell, Attorney in Fact for John L. Holleran 2010-01-22