13D Filing: Cable Car Capital LLC and Insignia Systems Inc (ISIG)

Page 3 of 3

Page 3 of 3 – SEC Filing

Item 1. Security and Issuer

This security to
which this statement relates is the common stock, $.01 par value (the “Common Stock”), of Insignia Systems, Inc. (the
“Issuer”), whose principal executive offices are located at 8799 Brooklyn Boulevard, Minneapolis, Minnesota 55445.

Item 2. Identity and Background
(a) This statement is being filed by Cable Car Capital LLC, a California limited liability company
(the “Reporting Person”) with respect to Shares beneficially owned and held of record by managed accounts for which
the Reporting Person serves as investment adviser with full discretionary authority. Jacob Haft Ma-Weaver, a United States citizen,
is the Managing Member of the Reporting Person.
(b) The principal business address for the Reporting Person is 1449 Washington Street #6, San Francisco,
California 94109.
(c) The Reporting Person is an investment adviser registered with the state securities authority of
California. Its principal business is the management of separate investment accounts on behalf of clients. Mr. Ma-Weaver has sole
discretionary authority over the accounts managed by the Reporting Person.
(d) During the last five years, neither the Reporting Person nor Mr. Ma-Weaver has been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, neither the Reporting Person nor Mr. Ma-Weaver has been a party to
a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been subject
to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Considerations

The Shares to which
this amended Schedule 13D relates were acquired for an aggregate purchase price of approximately $1,606,567
inclusive of brokerage commissions. Funds for the purchase were obtained from the available capital of separate accounts managed
by the Reporting Person. Although the accounts have the ability to obtain margin loans in the ordinary course of business, no part
of the purchase price was obtained on margin or through any other borrowings.

Item 4. Purpose of Transaction

The purpose of this amendment is to disclose the disposition of securities in an amount equal to one percent or more of the class since the filing of the previous amendment on June 30, 2017. Transactions were effected within the past sixty days for ordinary-course portfolio rebalancing, tax optimization, and risk management reasons. There is no change in the Reporting Person’s previously disclosed intentions to report.

Item 5. Interest in Securities of the Issuer
(a) The aggregate percentage of Common Stock reported owned by the Reporting Person is based on 11,914,676
shares outstanding, which is the total number of shares outstanding as reported on the cover page of the Issuer’s Quarterly
Report on Form 10-Q with the Securities and Exchange Commission on November 6, 2017.
(b) Cable Car Capital LLC has sole voting and dispositive power over the shares reported herein.
(c) The table below sets forth transactions during the past sixty days in accounts currently managed by the Reporting Person. The price per share is a weighted average price, inclusive of brokerage commissions, across multiple transactions on the open market.
Date Type Shares of Common Stock Price Per Share ($)
September 7, 2017 Sale 851 $1.1383
September 8, 2017 Sale 7,775 $1.1203
September 11, 2017 Purchase 21,400 $1.0214
September 11, 2017 Sale 40,000 $1.0199
September 12, 2017 Sale 4,000 $1.097
September 13, 2017 Sale 360 $1.1183
September 15, 2017 Sale 3,177 $1.1011
September 18, 2017 Purchase 3,069 $1.0515
September 25, 2017 Purchase 65 $1.0764
September 25, 2017 Sale 1,233 $1.1064
September 26, 2017 Purchase 1,727 $1.0816
September 27, 2017 Purchase 1,968 $1.0854
September 28, 2017 Purchase 1,024 $1.0864
September 28, 2017 Sale 1,007 $1.0779
September 29, 2017 Purchase 720 $1.0947
September 29, 2017 Sale 206 $1.0983
October 2, 2017 Sale 230 $1.0883
October 3, 2017 Purchase 3,646 $1.0820
October 4, 2017 Purchase 102 $1.0846
October 5, 2017 Purchase 81 $1.0901
October 6, 2017 Purchase 1,879 $1.0940
October 10, 2017 Purchase 14,426 $1.0834
October 10, 2017 Sale 93 $1.0829
October 11, 2017 Purchase 1,502 $1.0701
October 12, 2017 Purchase 2,321 $1.0723
October 13, 2017 Purchase 4,798 $1.1057
October 13, 2017 Sale 400 $1.1120
October 17, 2017 Purchase 300 $1.1217
October 17, 2017 Sale 3,237 $1.1237
October 18, 2017 Sale 17,651 $1.3889
October 25, 2017 Purchase 6,900 $1.2552
October 26, 2017 Purchase 3,436 $1.2294
November 3, 2017 Sale 177,615 $1.9341*

*Transactions effected over a range of prices from $1.75-2.13, inclusive. The Reporting Person will undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.

(d) No person other than the Reporting Person is known to have the right to receive, or the power to
direct the receipt of dividends from, or proceeds from the sale of, the Shares.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

There are no contracts,
arrangements, understandings, or relationships between the Reporting Person and any other person with respect to the securities
of the Issuer.

Item 7. Material to Be Filed as Exhibits

None.

Signature

After reasonable inquiry and to the
best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

November 6, 2017
Dated
/s/ Jacob Ma-Weaver
Signature
Jacob Ma-Weaver/Managing Member
Name/Title

The original statement shall be signed
by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of
a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence
of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however,
that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name
and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements
or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

Follow Lendway Inc. (NASDAQ:LDWY)

Page 3 of 3