PINX:IWSY ImageWare Systems Inc Insider Activity 4/A Filing - 9/10/2012

Effective Date 9/10/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GOLDMAN NEAL I
  2. Issuer Name and Ticker or Trading Symbol
IMAGEWARE SYSTEMS INC [IWSY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
767 3RD AVENUE, 25TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
09/10/2012
(Street)

NEW YORK, NY 10017
4. If Amendment, Date Original Filed (Month/Day/Year)
09/12/2012
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 09/10/2012   X   3,250,000 A $0.5 10,469,068 D  
Common Stock 09/10/2012   X   3,750,000 A $0.5 10,136,077 I By Goldman Capital Management MPP
Common Stock               4,000,000 I By Goldman Partners LP
Common Stock               800,000 I By Individual Retirement Account Beneficially Owned by Neal Goldman
Common Stock               30,000 I By Neal and Marlene Goldman Foundation
Common Stock               3,000,000 I By Goldman Family 2012 GST Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant $0.5 09/10/2012   X     2,725,000 11/24/2010 11/24/2012 Common Stock 2,750,000 $0.5 0 D  
Warrant $0.5 09/10/2012   X     525,000 12/08/2010 12/08/2012 Common Stock 525,000 $0.5 0 D  
Warrant $0.5 09/10/2012   X     2,025,000 11/24/2010 11/24/2012 Common Stock 2,025,000 $0.5 0 I By Goldman Capital Management MPP
Warrant $0.5 09/10/2012   X     1,725,000 12/08/2010 12/08/2012 Common Stock 1,725,000 $0.5 0 I By Goldman Capital Management MPP
Warrant $1.25             06/09/2011 06/09/2016 Common Stock 300,000   300,000 D  
Warrant $0.5             12/20/2011 12/20/2016 Common Stock 950,000   950,000 D  
Warrant $0.5             12/20/2011 12/20/2016 Common Stock 2,000,000   2,000,000 I By Goldman Partners LP
Warrant $0.5             12/20/2011 12/20/2016 Common Stock 525,000   525,000 I By Goldman Capital Management MPP
Warrant $0.5             03/29/2012 03/29/2014 Common Stock 250,000   250,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GOLDMAN NEAL I
767 3RD AVENUE
25TH FLOOR
NEW YORK, NY 10017
       

Signatures

 /s/ Neal I. Goldman   09/18/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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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PINX:IWSY ImageWare Systems Inc Insider Activity 4/A Filling

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PINX:IWSY ImageWare Systems Inc Insider Activity 4/A Filing - 9/10/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

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