Home > Insider Trading > Filing (0001422224-11-000019)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1342958	Digital Ally Inc	DGLY	Radio & Tv Broadcasting & Communications Equipment (3663)	200064269

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1008241	E Stanton Ross	8000 West 110Th Street Suite 200 Overland Park KS 66210	Ceo, President & Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2011-09-07	2,500	$0.86	727,446	No	4	S	Direct
Common Stock	Disposition	2011-09-07	2,500	$0.93	724,946	No	4	S	Direct
Common Stock	Disposition	2011-09-07	5,000	$0.94	719,946	No	4	S	Direct
Common Stock	Disposition	2011-09-07	10,000	$0.95	709,946	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

Mr. Ross did not initiate the sales reported herein. He had pledged approximately 565,000 shares of his common stock to a financial institution as collateral for a personal loan. The financial institution notified Mr. Ross that he was in default under such loan earlier this year and that it intended to sell up to all of the pledged shares in satisfaction of the obligation. The financial institution now claims to have sold a portion of the pledged shares and provided the information that Mr. Ross used as a basis for this Report. Therefore, Mr. Ross cannot verify the information regarding such sales. Mr. Ross does not agree with the financial institution's actions regarding the obligation and the pledged shares. These actions are being contested in ongoing legal proceedings.