Edgar Filing: L-1 IDENTITY SOLUTIONS, INC.

Ownership Submission

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 ^*

MOLINA MARK S

2. Issuer Name and Ticker or Trading Symbol
L-1 IDENTITY SOLUTIONS, INC. [ID]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
EVP, Chief Legal Officer & Sec

(Last)

(First)

(Middle)

C/O L-1 IDENTITY SOLUTIONS, INC., 177 BROAD STREET, 12TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2006

(Street)

STAMFORD, CT 06901

4. If Amendment, Date Original Filed(Month/Day/Year)

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	08/29/2006		A		2,861	A	⁽¹⁾	2,861	D

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 14.55

08/29/2006

150,000

⁽⁴⁾

Common Stock

150,000

$ 0

150,000

Stock Option (right to buy)

$ 17.71

08/29/2006

23,650

10/05/2004⁽²⁾

10/05/2009

Common Stock

23,650

⁽³⁾

23,650

Stock Option (right to buy)

$ 10.04

08/29/2006

5,912

07/26/2005⁽²⁾

07/26/2011

Common Stock

5,912

⁽³⁾

5,912

Stock Option (right to buy)

$ 10.04

08/29/2006

17,737

07/26/2004⁽²⁾

07/26/2011

Common Stock

17,737

⁽³⁾

17,737

Stock Option (right to buy)

$ 29.73

08/29/2006

07/27/2004⁽²⁾

07/27/2010

Common Stock

⁽³⁾

Stock Option (right to buy)

$ 29.73

08/29/2006

35,439

07/27/2004⁽²⁾

07/27/2010

Common Stock

35,439

⁽³⁾

35,439

Stock Option (right to buy)

$ 29.6

08/29/2006

3,179

04/27/2004⁽²⁾

04/27/2010

Common Stock

3,179

⁽³⁾

3,179

Stock Option (right to buy)

$ 29.6

08/29/2006

8,645

12/27/2003⁽²⁾

04/27/2010

Common Stock

8,645

⁽³⁾

8,645

Stock Option (right to buy)

$ 13.09

08/29/2006

33,110

06/30/2005⁽²⁾

06/25/2012

Common Stock

33,110

⁽³⁾

33,110

Stock Option (right to buy)

$ 10.02

08/29/2006

14,190

04/23/2007⁽²⁾

04/23/2013

Common Stock

14,190

⁽³⁾

14,190

Stock Option (right to buy)

$ 11.14

08/29/2006

28,380

06/30/2005⁽²⁾

02/04/2014

Common Stock

28,380

⁽³⁾

28,380

Stock Option (right to buy)

$ 12.22

08/29/2006

2,365

06/30/2005⁽²⁾

01/26/2015

Common Stock

2,365

⁽³⁾

2,365

Stock Option (right to buy)

$ 13.32

08/29/2006

3,049

05/13/2005⁽²⁾

05/13/2014

Common Stock

3,049

⁽³⁾

3,049

Stock Option (right to buy)

$ 13.32

08/29/2006

53,710

06/30/2005⁽²⁾

05/13/2014

Common Stock

53,710

⁽³⁾

53,710

Stock Option (right to buy)

$ 12.22

08/29/2006

7,095

06/30/2005⁽²⁾

01/26/2015

Common Stock

7,095

⁽³⁾

7,095

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MOLINA MARK S C/O L-1 IDENTITY SOLUTIONS, INC. 177 BROAD STREET, 12TH FLOOR STAMFORD, CT 06901			EVP, Chief Legal Officer & Sec

Signatures

Mark S Molina		09/05/2006
^**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).
(1)	Acquired pursuant to a merger agreement between Identix Incorporated and L-1 Identity Solutions, Inc. f/k/a Viisage Technology, Inc. In exchange for each share of Identix common stock, stockholder received (0.473) shares of L-1 common stock.
(2)	Represents the date the option grant will become fully exercisable.
(3)	Acquired pursuant to a merger agreement between Identix Incorporated and L-1. Options to purchase shares of Identix common stock were assumed by L-1 and became options to acquire L-1 common stock as adjusted for the exchange ratio of the merger. Each assumed option is exercisable for a number of L-1 common stock equal to the product of the exchange ratio (0.473) and the number of shares of Identix common stock subject to such option, as applicable, rounded down to the nearest whole share. The exercise price or strike price per share of L-1 common stock subject to such option is equal to the quotient obtained from dividing the exercise price per share of Identix' common stock by the exchange ratio, rounded up to the nearest whole cent.
(4)	Options vest in equal annual installments for four years from the grant date and will be exercisable for ten years from the grant date.

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