SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LINEBERGER JAMES E

(Last)

(First)

(Middle)

1120 BOSTON POST ROAD

(Street)

DARIEN

06820

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INKSURE TECHNOLOGIES INC. [ INKS.OB ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/27/2006

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

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	11/27/2006		S		1,000	D	$2.5	835,690⁽¹⁾	I	See Footnote⁽²⁾
Common Stock, par value $0.01 per share	11/28/2006		S		4,000	D	$2.5	831,690⁽³⁾	I	See Footnote⁽²⁾
Common Stock, par value $0.01 per share	11/28/2006		S		5,000	D	$2.7	826,690⁽⁴⁾	I	See Footnote⁽²⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

LINEBERGER JAMES E

(Last)

(First)

(Middle)

1120 BOSTON POST ROAD

(Street)

DARIEN

06820

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

1. Name and Address of Reporting Person^*

L & Co., LLC

(Last)

(First)

(Middle)

1120 BOSTON POST ROAD

(Street)

DARIEN

06820

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Affiliate

Explanation of Responses:

1. Includes 457,619 shares of common stock held by the Irrevocable Trust of James E. Lineberger u/a 12/17/98 and 278,071 shares of common stock held by L. & Co., LLC. Also includes 100,000 shares held by the James E. Lineberger IRA, which shares were previously held but not reported on a Form 4, as well as a correction to a typographical error made on the previous Form 4 on file for these reporting persons.

2. Mr. Lineberger is the Managing Member of Lineberger & Co., LLC. Lineberger & Co., LLC is the Manager of L & Co., LLC.

3. Includes 457,619 shares of common stock held by the Irrevocable Trust of James E. Lineberger u/a 12/17/98, 100,000 shares held by the James E. Lineberger IRA and 274,071 shares of common stock held by L. & Co., LLC.

4. Includes 457,619 shares of common stock held by the Irrevocable Trust of James E. Lineberger u/a 12/17/98, 100,000 shares held by the James E. Lineberger IRA and 269,071 shares of common stock held by L. & Co., LLC.

	/s/ James E. Lineberger	11/29/2006
	/s/ James E. Lineberger, Manager of Lineberger & Co.	11/29/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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