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<P STYLE="font: 6pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">As filed with the Securities and Exchange Commission
on August 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">Registration no. 333-_______________</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 11pt Times New Roman,serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman,serif; margin: 0; text-align: center"><B></B></P>

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<P STYLE="font: 16pt Times New Roman,serif; margin: 0; text-align: center"><B>FORM S-8</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman,serif; margin: 0; text-align: center"><B>INSIGNIA SYSTEMS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0">&nbsp;</P>

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    <TD NOWRAP STYLE="width: 50%; font: bold 11pt Times New Roman,serif; text-align: center">Minnesota</TD>
    <TD NOWRAP STYLE="width: 50%; font: bold 11pt Times New Roman,serif; text-align: center"><B>41-1656308</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font: 12pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction
    of incorporation or organization)</FONT></TD>
    <TD NOWRAP STYLE="font: 12pt Times New Roman,serif; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification
    No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>8799 Brooklyn Blvd., Minneapolis, MN 55445</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 2in 0 139.5pt; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman,serif; margin: 0; text-align: center">2003 Incentive Stock Option Plan<BR>
Employee Stock Purchase Plan</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Full title of the plan(s))</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>Scott F. Drill<BR>
Chairman and Chief Executive Officer<BR>
Insignia Systems, Inc.<BR>
8799 Brooklyn Blvd., Minneapolis, MN 55445</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Name and address of agent for service)</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><B>(763) 392-6200</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">(Telephone number, including area code,
of agent for service)</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 0.25in">Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of
&ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2
of the Exchange Act. (Check one):</P>

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    <TD NOWRAP STYLE="width: 25%; font: 10pt Times New Roman,serif; text-align: center">&nbsp;Large accelerated filer <FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD NOWRAP STYLE="width: 25%; font: 10pt Times New Roman,serif; text-align: center">&nbsp;Accelerated filer <FONT STYLE="font-family: Wingdings">&thorn;</FONT></TD>
    <TD NOWRAP STYLE="width: 25%; font: 10pt Times New Roman,serif; text-align: center">&nbsp;&nbsp;&nbsp;Non-accelerated filer <FONT STYLE="font-family: Wingdings">&uml;</FONT></TD>
    <TD NOWRAP STYLE="width: 25%; font: 10pt Times New Roman,serif; text-align: center">&nbsp;&nbsp;Smaller reporting company <FONT STYLE="font-family: Wingdings">&uml;</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">CALCULATION OF REGISTRATION FEE</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 45pt 0 40.5pt; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 20%; font: 6pt Times New Roman,serif; text-align: center; border-top: Black 2.25pt double">&nbsp;</TD>
    <TD STYLE="width: 20%; font: 6pt Times New Roman,serif; text-align: center; border-top: Black 2.25pt double">&nbsp;</TD>
    <TD STYLE="width: 20%; font: 6pt Times New Roman,serif; text-align: center; border-top: Black 2.25pt double">&nbsp;</TD>
    <TD STYLE="width: 20%; font: 6pt Times New Roman,serif; text-align: center; border-top: Black 2.25pt double">&nbsp;</TD>
    <TD STYLE="width: 20%; font: 6pt Times New Roman,serif; text-align: center; border-top: Black 2.25pt double">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 8pt Times New Roman,serif; text-align: center">TITLE OF SECURITIES<BR> TO BE REGISTERED</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 8pt Times New Roman,serif; text-align: center">AMOUNT TO BE<BR> REGISTERED (1)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 8pt Times New Roman,serif; text-align: center">PROPOSED MAXIMUM<BR> OFFERING PRICE<BR> PER SHARE (2)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 8pt Times New Roman,serif; text-align: center">PROPOSED MAXIMUM<BR>
    AGGREGATE OFFERING<BR> PRICE (2)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 8pt Times New Roman,serif; text-align: center">AMOUNT OF<BR> REGISTRATION FEE</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center">Common Stock, par value<BR> $.01 per share</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt">700,000 shares</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$1.70</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$1,190,000</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$136.37</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2.25pt double; font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.25pt double; font: 6pt Times New Roman,serif; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Includes 500,000 shares of common stock to be registered under the
2003 Incentive Stock Option Plan, and 200,000 shares of common stock to be registered under the Employee Stock Purchase Plan.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act of 1933, based on the average of the high and low price per share reported on
the Nasdaq Capital Market on July 30, 2012.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>PART I </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>THE SECTION 10(a) PROSPECTUS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><B>ITEM 1.&nbsp;&nbsp;PLAN INFORMATION </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">Not required to be filed in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><B>ITEM 2.&nbsp;&nbsp;REGISTRANT INFORMATION AND EMPLOYEE
PLAN ANNUAL INFORMATION </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">Not required to be filed in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">The documents containing the information specified
in Part I of Form S-8 have been or will be sent or given to participating employees as specified in Rule 428(b)(1) of the Securities
Act. Such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference
into this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center">PART II</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN<BR>
THE REGISTRATION STATEMENT </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>ITEM 3.&nbsp;&nbsp;INCORPORATION OF DOCUMENTS BY REFERENCE </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">The following documents previously filed by the Registrant
with the Securities and Exchange Commission are incorporated by reference into this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed January 13, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 45pt; text-align: justify; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed March 5, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Annual Report on Form 10-K for the year ended December 31, 2011,
filed March 7, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed April 4, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed May 1, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed May 3, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Quarterly Report on Form 10-Q for the quarter ended March 31, 2012,
filed May 3, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(h)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed May 25, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Current Report on Form 8-K, filed July 27, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(j)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Quarterly Report on Form 10-Q for the quarter ended June 30, 2012,
filed July 31, 2012;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-size: 10pt">(k)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Description of Common Stock contained
in a registration statement filed under the Securities Exchange Act, including any amendment or report filed for the purpose of
updating such description.
</FONT></TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.25in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.25in; text-align: justify">All documents filed by the Registrant pursuant
to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, subsequent to the date of this Registration Statement
and prior to the filing of a post-effective amendment which indicates that all securities registered pursuant to this Registration
Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference
into this Registration Statement and to be part of it from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference into this Registration Statement shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement contained herein or incorporated herein by reference
(or in any other subsequently filed documents which also is or is deemed to be incorporated by reference) modifies or supersedes
such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0">ITEM 4.&nbsp;&nbsp;DESCRIPTION OF SECURITIES</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>ITEM 5.&nbsp;&nbsp;INTERESTS OF NAMED EXPERTS AND COUNSEL </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>ITEM 6.&nbsp;&nbsp;INDEMNIFICATION OF DIRECTORS AND OFFICERS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0in">Section 302A.521 of Minnesota Statutes
requires the Registrant to indemnify a person made or threatened to be made a party to a proceeding by reason of the former or
present official capacity of the person with respect to the Registrant, against judgments, penalties, fines, including, without
limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses,
including attorneys&rsquo; fees and disbursements, incurred by the person in connection with the proceeding, if such person (1)
has not been indemnified by another organization or employee benefit plan for the same judgments, penalties, fines, including,
without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable
expenses, including attorneys' fees and disbursements, incurred by the person in connection with the proceeding with respect to
the same acts or omissions; (2) acted in good faith; (3) received no improper personal benefit, and statutory procedure has been
followed in the case of any conflict of interest by a director; (4) in the case of a criminal proceeding, had no reasonable cause
to believe the conduct was unlawful; and (5) in the case of acts or omissions occurring in the person's performance in the official
capacity of director or, for a person not a director, in the official capacity of officer, committee member or employee, reasonably
believed that the conduct was in the best interests of the Registrant, or, in the case of performance by a director, officer or
employee of the Registrant as a director, officer, partner, trustee, employee or agent of another organization or employee benefit
plan, reasonably believed that the conduct was not opposed to the best interests of the Registrant. In addition, Section 302A.521,
subd. 3, requires payment by the Registrant, upon written request, of reasonable expenses in advance of final disposition in certain
instances. A decision as to required indemnification is made by a disinterested majority of the Board of Directors present at a
meeting at which a disinterested quorum is present, or by a designated committee of the Board, by special legal counsel, by the
shareholders or by a court. The Registrant's Bylaws provide for indemnification of officers, directors, employees, and agents to
the fullest extent provided by Section 302A.521. Insofar as indemnification for liabilities arising under the Securities Act of
1933, as amended may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions referenced
in Item 6 of this Registration Statement or otherwise, the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">The Registrant also maintains directors&rsquo; and
officers&rsquo; liability insurance.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><B>ITEM 7.&nbsp;&nbsp;EXEMPTION FROM REGISTRATION CLAIMED
</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">Not Applicable.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>ITEM 8.&nbsp;&nbsp;EXHIBITS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.1</TD><TD STYLE="text-align: justify">2003 Incentive Stock Option Plan, as amended (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.2</TD><TD STYLE="text-align: justify">Employee Stock Purchase Plan, as amended (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.1</TD><TD STYLE="text-align: justify">Opinion and Consent of Best &amp; Flanagan LLP (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Baker Tilly Virchow Krause, LLP, independent registered
public accounting firm (filed herewith)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Grant Thornton LLP, independent registered public accounting
firm (filed herewith)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Best &amp; Flanagan LLP (included in Exhibit 5.1)</FONT></TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">24.1</TD><TD STYLE="text-align: justify">Powers of Attorney (included on page II-7 of this Registration Statement)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>ITEM 9.&nbsp;&nbsp;UNDERTAKINGS </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">(a)&nbsp;&nbsp;The undersigned Registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-indent: 13.5pt">(1)&nbsp;&nbsp;To file, during any period in which
offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 27pt">(i)&nbsp;&nbsp;To include any prospectus required by section 10(a)(3)
of the Securities Act of 1933;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(ii)&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the &quot;Calculation of Registration Fee&quot; table in the effective registration statement;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(iii)&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii)
do not apply if the registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in
a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to section 13
or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 13.5pt">(2)&nbsp;&nbsp;That, for the purpose
of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered in it, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 13.5pt">(3)&nbsp;&nbsp;To remove from
registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 13.5pt">(4)&nbsp;&nbsp;That, for the purpose
of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the
securities:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">The undersigned registrant undertakes that in a primary
offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method
used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer to sell such securities
to such purchaser:</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(i)&nbsp;&nbsp;Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule
424 (&sect; 230.424 of this chapter);</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(ii)&nbsp;&nbsp;Any
free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to
by the undersigned registrant;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(iii)&nbsp;&nbsp;The
portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
or its securities provided by or on behalf of the undersigned registrant; and</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 13.5pt; text-align: justify; text-indent: 13.5pt">(iv)&nbsp;&nbsp; Any
other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">(b) The undersigned Registrant hereby undertakes that,
for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934), that is incorporated by
reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered
in it, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">(c) Insofar as indemnification for liabilities arising
under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person
of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities Act
of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in Minneapolis, Minnesota, on August 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">INSIGNIA SYSTEMS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 58%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 39%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Scott F. Drill</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Scott F. Drill, Chairman<BR> and Chief Executive Officer<BR> (principal executive officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ John C. Gonsior</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>John C. Gonsior, Vice President of<BR> Finance and Chief Financial Officer<BR> (principal financial and accounting officer)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><B>SIGNATURES AND POWERS OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities Act
of 1933, this registration statement has been signed on</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">August 1, 2012 by the following persons in the capacities indicated.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">Each person whose signature appears below also constitutes
and appoints Scott F. Drill his true and lawful attorney-in-fact and agent with full powers of substitution and resubstitution
for and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective
amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority
to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents
and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent
or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 25%; border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">Signature</TD>
    <TD NOWRAP STYLE="width: 2%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 73%; border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">Title</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ Scott F. Drill</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Chairman, Chief Executive Officer, Secretary and Director (principal executive officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Scott F. Drill</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ John C. Gonsior</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Vice President of Finance, Chief Financial Officer and Treasurer (principal financial and accounting officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">John C. Gonsior</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ David L. Boehnen</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">David L. Boehnen</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ Peter V. Derycz</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Peter V. Derycz</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ Donald J. Kramer</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Donald J. Kramer</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ Reid V. MacDonald</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Reid V. MacDonald</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; font-family: Times New Roman,serif">/s/ Gordon F. Stofer</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">Gordon F. Stofer</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD NOWRAP STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">The above persons signing as directors are all of the directors of the Registrant.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.1</TD><TD STYLE="text-align: justify">2003 Incentive Stock Option Plan, as amended (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.2</TD><TD STYLE="text-align: justify">Employee Stock Purchase Plan, as amended (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.1</TD><TD STYLE="text-align: justify">Opinion and Consent of Best &amp; Flanagan LLP (filed herewith)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Baker Tilly Virchow Krause, LLP, independent registered
public accounting firm (filed herewith)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.2</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Grant Thornton LLP, independent registered public accounting
firm (filed herewith)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">23.3</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Consent of Best &amp; Flanagan LLP (included in Exhibit 5.1)</FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">24.1</TD><TD STYLE="text-align: justify">Powers of Attorney (included on page II-5 of this Registration Statement)</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman,serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 11pt New York,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt New York,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt New York,serif; margin: 0">&nbsp;</P>

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[{"type": "S-8", "sequence": "1", "filename": "insignia123129_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 57894}]
{"company-data": {"conformed-name": "INSIGNIA SYSTEMS INC/MN", "cik": "0000875355", "assigned-sic": "7310", "irs-number": "411656308", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-182981", "film-number": "12999096"}, "business-address": {"street1": "8799 BROOKLYN BLVD.", "city": "MINNEAPOLIS", "state": "MN", "zip": "55445", "phone": "7633926200"}, "mail-address": {"street1": "8799 BROOKLYN BLVD.", "city": "MINNEAPOLIS", "state": "MN", "zip": "55445"}}
As filed with the Securities and Exchange Commission
on August 1, 2012.
Registration no. 333-_______________
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
INSIGNIA SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Minnesota
41-1656308
(State or other jurisdiction
    of incorporation or organization)
(IRS Employer Identification
    No.)
8799 Brooklyn Blvd., Minneapolis, MN 55445
(Address of principal executive offices)
2003 Incentive Stock Option Plan
Employee Stock Purchase Plan
(Full title of the plan(s))
Scott F. Drill
Chairman and Chief Executive Officer
Insignia Systems, Inc.
8799 Brooklyn Blvd., Minneapolis, MN 55445
(Name and address of agent for service)
(763) 392-6200
(Telephone number, including area code,
of agent for service)
Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of
"large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2
of the Exchange Act. (Check one):
Large accelerated filer
¨
Accelerated filer
þ
Non-accelerated filer
¨
Smaller reporting company
¨
CALCULATION OF REGISTRATION FEE
TITLE OF SECURITIES
TO BE REGISTERED
AMOUNT TO BE
REGISTERED (1)
PROPOSED MAXIMUM
OFFERING PRICE
PER SHARE (2)
PROPOSED MAXIMUM
AGGREGATE OFFERING
PRICE (2)
AMOUNT OF
REGISTRATION FEE
Common Stock, par value
$.01 per share
700,000 shares
$1.70
$1,190,000
$136.37
(1)
Includes 500,000 shares of common stock to be registered under the
2003 Incentive Stock Option Plan, and 200,000 shares of common stock to be registered under the Employee Stock Purchase Plan.
(2)
Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act of 1933, based on the average of the high and low price per share reported on
the Nasdaq Capital Market on July 30, 2012.
PART I
INFORMATION REQUIRED IN
THE SECTION 10(a) PROSPECTUS
ITEM 1.  PLAN INFORMATION
Not required to be filed in the Registration Statement.
ITEM 2.  REGISTRANT INFORMATION AND EMPLOYEE
PLAN ANNUAL INFORMATION
Not required to be filed in the Registration Statement.
The documents containing the information specified
in Part I of Form S-8 have been or will be sent or given to participating employees as specified in Rule 428(b)(1) of the Securities
Act. Such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference
into this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus
that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN
THE REGISTRATION STATEMENT
ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents previously filed by the Registrant
with the Securities and Exchange Commission are incorporated by reference into this Registration Statement:
(a)
Current Report on Form 8-K, filed January 13, 2012;
(b)
Current Report on Form 8-K, filed March 5, 2012;
(c)
Annual Report on Form 10-K for the year ended December 31, 2011,
filed March 7, 2012;
(d)
Current Report on Form 8-K, filed April 4, 2012;
(e)
Current Report on Form 8-K, filed May 1, 2012;
(f)
Current Report on Form 8-K, filed May 3, 2012;
(g)
Quarterly Report on Form 10-Q for the quarter ended March 31, 2012,
filed May 3, 2012;
(h)
Current Report on Form 8-K, filed May 25, 2012;
(i)
Current Report on Form 8-K, filed July 27, 2012;
(j)
Quarterly Report on Form 10-Q for the quarter ended June 30, 2012,
filed July 31, 2012;
(k)
Description of Common Stock contained
in a registration statement filed under the Securities Exchange Act, including any amendment or report filed for the purpose of
updating such description.
II-
1
All documents filed by the Registrant pursuant
to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, subsequent to the date of this Registration Statement
and prior to the filing of a post-effective amendment which indicates that all securities registered pursuant to this Registration
Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference
into this Registration Statement and to be part of it from the date of filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference into this Registration Statement shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement contained herein or incorporated herein by reference
(or in any other subsequently filed documents which also is or is deemed to be incorporated by reference) modifies or supersedes
such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this Registration Statement.
ITEM 4.  DESCRIPTION OF SECURITIES
Not Applicable.
ITEM 5.  INTERESTS OF NAMED EXPERTS AND COUNSEL
Not Applicable.
ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 302A.521 of Minnesota Statutes
requires the Registrant to indemnify a person made or threatened to be made a party to a proceeding by reason of the former or
present official capacity of the person with respect to the Registrant, against judgments, penalties, fines, including, without
limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements and reasonable expenses,
including attorneys' fees and disbursements, incurred by the person in connection with the proceeding, if such person (1)
has not been indemnified by another organization or employee benefit plan for the same judgments, penalties, fines, including,
without limitation, excise taxes assessed against the person with respect to an employee benefit plan, settlements, and reasonable
expenses, including attorneys' fees and disbursements, incurred by the person in connection with the proceeding with respect to
the same acts or omissions; (2) acted in good faith; (3) received no improper personal benefit, and statutory procedure has been
followed in the case of any conflict of interest by a director; (4) in the case of a criminal proceeding, had no reasonable cause
to believe the conduct was unlawful; and (5) in the case of acts or omissions occurring in the person's performance in the official
capacity of director or, for a person not a director, in the official capacity of officer, committee member or employee, reasonably
believed that the conduct was in the best interests of the Registrant, or, in the case of performance by a director, officer or
employee of the Registrant as a director, officer, partner, trustee, employee or agent of another organization or employee benefit
plan, reasonably believed that the conduct was not opposed to the best interests of the Registrant. In addition, Section 302A.521,
subd. 3, requires payment by the Registrant, upon written request, of reasonable expenses in advance of final disposition in certain
instances. A decision as to required indemnification is made by a disinterested majority of the Board of Directors present at a
meeting at which a disinterested quorum is present, or by a designated committee of the Board, by special legal counsel, by the
shareholders or by a court. The Registrant's Bylaws provide for indemnification of officers, directors, employees, and agents to
the fullest extent provided by Section 302A.521. Insofar as indemnification for liabilities arising under the Securities Act of
1933, as amended may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions referenced
in Item 6 of this Registration Statement or otherwise, the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
The Registrant also maintains directors' and
officers' liability insurance.
ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
II-
2
ITEM 8.  EXHIBITS
4.1
2003 Incentive Stock Option Plan, as amended (filed herewith)
4.2
Employee Stock Purchase Plan, as amended (filed herewith)
5.1
Opinion and Consent of Best & Flanagan LLP (filed herewith)
23.1
Consent of Baker Tilly Virchow Krause, LLP, independent registered
public accounting firm (filed herewith)
23.2
Consent of Grant Thornton LLP, independent registered public accounting
firm (filed herewith)
23.3
Consent of Best & Flanagan LLP (included in Exhibit 5.1)
24.1
Powers of Attorney (included on page II-7 of this Registration Statement)
ITEM 9.  UNDERTAKINGS
(a)  The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which
offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)  To include any prospectus required by section 10(a)(3)
of the Securities Act of 1933;
(ii)  To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;
(iii)  To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to such information in the registration statement.
PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii)
do not apply if the registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in
a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to section 13
or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement.
(2)  That, for the purpose
of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered in it, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(3)  To remove from
registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.
(4)  That, for the purpose
of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the
securities:
II-
3
The undersigned registrant undertakes that in a primary
offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method
used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer to sell such securities
to such purchaser:
(i)  Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule
424 (§ 230.424 of this chapter);
(ii)  Any
free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to
by the undersigned registrant;
(iii)  The
portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
or its securities provided by or on behalf of the undersigned registrant; and
(iv)   Any
other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The undersigned Registrant hereby undertakes that,
for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934), that is incorporated by
reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered
in it, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising
under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person
of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
SIGNATURES
Pursuant to the requirements of the Securities Act
of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in Minneapolis, Minnesota, on August 1, 2012.
INSIGNIA SYSTEMS, INC.
By:
/s/ Scott F. Drill
Scott F. Drill, Chairman
and Chief Executive Officer
(principal executive officer)
By:
/s/ John C. Gonsior
John C. Gonsior, Vice President of
Finance and Chief Financial Officer
(principal financial and accounting officer)
II-
4
SIGNATURES AND POWERS OF ATTORNEY
Pursuant to the requirements of the Securities Act
of 1933, this registration statement has been signed on
August 1, 2012 by the following persons in the capacities indicated.
Each person whose signature appears below also constitutes
and appoints Scott F. Drill his true and lawful attorney-in-fact and agent with full powers of substitution and resubstitution
for and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective
amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority
to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents
and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent
or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Signature
Title
/s/ Scott F. Drill
Chairman, Chief Executive Officer, Secretary and Director (principal executive officer)
Scott F. Drill
/s/ John C. Gonsior
Vice President of Finance, Chief Financial Officer and Treasurer (principal financial and accounting officer)
John C. Gonsior
/s/ David L. Boehnen
Director
David L. Boehnen
/s/ Peter V. Derycz
Director
Peter V. Derycz
/s/ Donald J. Kramer
Director
Donald J. Kramer
/s/ Reid V. MacDonald
Director
Reid V. MacDonald
/s/ Gordon F. Stofer
Director
Gordon F. Stofer
The above persons signing as directors are all of the directors of the Registrant.
II-
5
EXHIBIT INDEX
4.1
2003 Incentive Stock Option Plan, as amended (filed herewith)
4.2
Employee Stock Purchase Plan, as amended (filed herewith)
5.1
Opinion and Consent of Best & Flanagan LLP (filed herewith)
23.1
Consent of Baker Tilly Virchow Krause, LLP, independent registered
public accounting firm (filed herewith)
23.2
Consent of Grant Thornton LLP, independent registered public accounting
firm (filed herewith)
23.3
Consent of Best & Flanagan LLP (included in Exhibit 5.1)
24.1
Powers of Attorney (included on page II-5 of this Registration Statement)