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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Image Sensing Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45244C 10 4
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(CUSIP Number)
Betty P. Papapanou
2483 Albert Street N.
Roseville, MN 55113
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 19, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. / /
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID
OMB CONTROL NUMBER.
SEC 1746 (03-00)
CUSIP NO. 45244C 10 4
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Betty P. Papapanou
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
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(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
Not Applicable
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF
-0-
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
695,190
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
695,190
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
695,190
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.1%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
This amendment No. 1 (the "Amendment") amends the statement on Schedule 13D
filed by Betty Papapanou with the Securities and Exchange Commission on October
15, 2001 (the "Statement"). This Amendment supplements and, to the extent
inconsistent therewith, amends the information set forth in the Statement.
ITEM 1. SECURITY AND ISSUER
Common Stock, $.01 par value
Image Sensing Systems, Inc.
500 Spruce Tree Centre
1600 University Avenue North
St. Paul, Minnesota 55104-3825
Item 2. Identity and Background.
The information previously reported in this Item of the Statement is
incorporated by reference herein.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not Applicable
ITEM 4. PURPOSE OF TRANSACTION
The reporting person is divesting herself of select amounts of shares
with the intent to diversify her investment portfolio.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate number of shares: 638,190 shares and the right to
purchase 57,000 shares of Common Stock, $.01 par value
Percentage: 22.1%
(b) Number of shares with sole voting power: -0-; number of shares
with sole dispositive power: 695,190
(c) Sales of shares by reporting person, through her Minnesota
based broker, in the issuer as follows:
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DATE OF SALE NUMBER OF SHARES PRICE PER SHARE
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November 19, 2002 500 $5.45
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November 19, 2002 2900 $5.30
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November 20, 2002 5000 $5.40
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November 20, 2002 3278 $5.45
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November 20, 2002 500 $5.45
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(d) Not Applicable
(e) Not Applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The information previously reported in this Item of the Statement is
incorporated by reference herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Portions of the divorce decree dated June 7, 2000, relating
to the transfer and voting of shares, previously reported in this Item
of the Statement is incorporated by reference herein.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and complete
and correct.
Dated: November 26, 2002
/s/ Betty P. Papapanou
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Betty P. Papapanou