Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Askarpour Shahram
 2. Date of Event Requiring Statement (Month/Day/Year)
04/02/2012		 3. Issuer Name and Ticker or Trading Symbol
INNOVATIVE SOLUTIONS & SUPPORT INC [ISSC]
(Last)
(First)
(Middle)
C/O INNOVATIVE SOLUTIONS & SUPPORT, INC., 720 PENNSYLVANIA DR.		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

EXTON, PA 19341		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   (1) 08/07/2013 Common Stock 1,500 $ 4.733 D  
Employee Stock Option (Right to Buy)   (1) 03/19/2014 Common Stock 15,000 $ 8.9 D  
Employee Stock Option (Right to Buy)   (1) 07/27/2014 Common Stock 15,000 $ 14.167 D  
Employee Stock Option (Right to Buy)   (1) 01/11/2016 Common Stock 20,000 $ 13.45 D  
Employee Stock Option (Right to Buy)   (2) 02/21/2018 Common Stock 20,000 $ 7.77 D  
Employee Stock Option (Right to Buy)   (3) 08/15/2021 Common Stock 45,000 $ 5.28 D  
Employee Stock Option (Right to Buy)   (4) 02/21/2022 Common Stock 250,000 $ 3.98 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Askarpour Shahram
C/O INNOVATIVE SOLUTIONS & SUPPORT, INC.
720 PENNSYLVANIA DR.
EXTON, PA 19341		       President  

Signatures

/s/ Ronald C. Albrech, as attorney-in-fact 04/10/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Option is currently exercisable.
(2) Option vests in five equal annual installments, which began on February 21, 2009, and will be fully vested on February 21, 2013.
(3) Option vests in three equal annual installments, beginning on August 15, 2012, and will be fully vested on August 15, 2014.
(4) Option vests in three equal annual installments, beginning on February 21, 2013, and will be fully vested on February 21, 2015.

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