<SEC-DOCUMENT>0001140361-14-034048.txt : 20140825
<SEC-HEADER>0001140361-14-034048.hdr.sgml : 20140825
<ACCEPTANCE-DATETIME>20140825164013
ACCESSION NUMBER:		0001140361-14-034048
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140815
FILED AS OF DATE:		20140825
DATE AS OF CHANGE:		20140825

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSIGNIA SYSTEMS INC/MN
		CENTRAL INDEX KEY:			0000875355
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				411656308
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445
		BUSINESS PHONE:		7633926200

	MAIL ADDRESS:	
		STREET 1:		8799 BROOKLYN BLVD.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55445

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Groveland Hedged Credit Fund LLC
		CENTRAL INDEX KEY:			0001482613
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13471
		FILM NUMBER:		141062934

	BUSINESS ADDRESS:	
		STREET 1:		GROVELAND CAPITAL LLC
		STREET 2:		3033 EXCELSIOR BOULEVARD, SUITE 560
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416
		BUSINESS PHONE:		612-325-1528

	MAIL ADDRESS:	
		STREET 1:		GROVELAND CAPITAL LLC
		STREET 2:		3033 EXCELSIOR BOULEVARD, SUITE 560
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Swenson Nicholas John
		CENTRAL INDEX KEY:			0001478067

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13471
		FILM NUMBER:		141062935

	MAIL ADDRESS:	
		STREET 1:		3033 EXCELSIOR BOULEVARD
		STREET 2:		SUITE 560
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Groveland Capital LLC
		CENTRAL INDEX KEY:			0001617807
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13471
		FILM NUMBER:		141062936

	BUSINESS ADDRESS:	
		STREET 1:		3033 EXCELSIOR BOULEVARD, SUITE 560
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416
		BUSINESS PHONE:		612-843-4301

	MAIL ADDRESS:	
		STREET 1:		3033 EXCELSIOR BOULEVARD, SUITE 560
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2014-08-15</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000875355</issuerCik>
        <issuerName>INSIGNIA SYSTEMS INC/MN</issuerName>
        <issuerTradingSymbol>ISIG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001617807</rptOwnerCik>
            <rptOwnerName>Groveland Capital LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3033 EXCELSIOR BOULEVARD, SUITE 560</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55416</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001478067</rptOwnerCik>
            <rptOwnerName>Swenson Nicholas John</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3033 EXCELSIOR BOULEVARD, SUITE 560</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55416</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001482613</rptOwnerCik>
            <rptOwnerName>Groveland Hedged Credit Fund LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>GROVELAND CAPITAL LLC</rptOwnerStreet1>
            <rptOwnerStreet2>3033 EXCELSIOR BOULEVARD, SUITE 560</rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55416</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>422000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Persons are filing this report because each of the Reporting Persons may be deemed to be a member of a Section 13(d) group disclosed in a Schedule 13D filed on behalf of the Reporting Persons and Air T, Inc., the other member of such group, on August 18, 2014.  As of August 15, 2014, the members of this Section 13(d) group collectively owned more than 10% of the Issuer's outstanding shares of Common Stock.  Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock held by the other members of this Section 13(d) group except to the extent of his or its pecuniary interest therein.  The securities reported herein do not include any securities held by Air T, Inc., as such shares have been reported in a separate Form 3 filing.</footnote>
        <footnote id="F2">This Form 3 is filed by Groveland Capital LLC (&quot;Groveland Capital&quot;), Groveland Hedged Credit Fund LLC (&quot;Groveland Fund&quot;) and Nicholas J. Swenson (collectively, the &quot;Groveland Group&quot;).  Groveland Capital serves as the investment adviser and general partner to the Groveland Fund and may direct the vote and disposition of the shares of Common Stock held by the Groveland Fund.  Mr. Swenson is the Managing Member of Groveland Capital and may direct Groveland Capital to direct the vote and disposition of the shares of Common Stock held by the Groveland Fund.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Groveland Hedged Credit Fund LLC, By:  /s/ Nicholas J. Swenson, Managing Member</signatureName>
        <signatureDate>2014-08-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Groveland Capital LLC, By:  /s/ Nicholas J. Swenson, Managing Member</signatureName>
        <signatureDate>2014-08-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Nicholas J. Swenson</signatureName>
        <signatureDate>2014-08-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
