X0202 4 2005-01-12 0 0000943034 IMAGE SENSING SYSTEMS INC isns 0001008477 MICHALOPOULOS PANOS G 500 SPRUCE TREE CENTRE 1600 UNIVERSITY AVE WEST ST PAUL MN 55104-3825 1 0 1 0 Common Stock 2005-01-12 4 S 0 6500 15.5269 D 429809 I Transatlantic Emporium & Technology Exchange LLC Shares sold pursuant to a 10b5-1 Sales Plan dated December 17,2004. Owned by reporting person. Kathleen McMahon, POA for Panos Michalopoulos 2005-01-13