<SEC-DOCUMENT>0001437749-21-028573.txt : 20211214
<SEC-HEADER>0001437749-21-028573.hdr.sgml : 20211214
<ACCEPTANCE-DATETIME>20211214172030
ACCESSION NUMBER:		0001437749-21-028573
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211210
FILED AS OF DATE:		20211214
DATE AS OF CHANGE:		20211214

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pickle William Henry
		CENTRAL INDEX KEY:			0001630303

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41092
		FILM NUMBER:		211491975

	MAIL ADDRESS:	
		STREET 1:		C/O INFORMATION ANALYSIS INCORPORATED
		STREET 2:		11240 WAPLES MILL RD, STE 201
		CITY:			FAIRFAX
		STATE:			VA
		ZIP:			22030

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INFORMATION ANALYSIS INC
		CENTRAL INDEX KEY:			0000803578
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				541167364
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12015 LEE JACKSON MEMORIAL HWY
		STREET 2:		SUITE 210
		CITY:			FAIRFAX
		STATE:			VA
		ZIP:			22033
		BUSINESS PHONE:		7033833000

	MAIL ADDRESS:	
		STREET 1:		12015 LEE JACKSON MEMORIAL HWY
		STREET 2:		SUITE 210
		CITY:			FAIRFAX
		STATE:			VA
		ZIP:			22033
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>FORM4_PICKLE_211210
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2021-12-10</periodOfReport>

    <issuer>
        <issuerCik>0000803578</issuerCik>
        <issuerName>INFORMATION ANALYSIS INC</issuerName>
        <issuerTradingSymbol>IAIC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001630303</rptOwnerCik>
            <rptOwnerName>Pickle William Henry</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INFORMATION ANALYSIS INCORPORATED</rptOwnerStreet1>
            <rptOwnerStreet2>12015 LEE JACKSON MEMORIAL HWY STE 210</rptOwnerStreet2>
            <rptOwnerCity>FAIRFAX</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22033</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-12-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>16448</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.04</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>131448</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Shares owned by William and Jean Pickle Trust under shared voting and dispositive power.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrants (right-to-buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-12-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3290</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.72</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2023-01-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2026-12-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3290</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>108290</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Warrants for a total of 68,290 shares are owned by William and Jean Pickle Trust under shared voting</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Mr. Pickle purchased $50,000 of Units in a private placement transaction at $3.04/ Unit, which consisted of 16,448 shares of common stock and Warrants to purchase additional 3,290 shares of common stock.  Unit price was based on the Volume Weighted Average Price per share for the five trading days ended December 2, 2021.</footnote>
        <footnote id="F2">Warrants to acquire 3,290 shares of common stock reported herein are not exercisable until January 1, 2023.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Matthew T. Sands</signatureName>
        <signatureDate>2021-12-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
