FORM 4
[ X ] 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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GEMPERLI KARL B 		2. Issuer Name and Ticker or Trading Symbol

ELECSYS CORP [ ESYS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

846 N. MART-WAY COURT 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/22/2015
(Street)

OLATHE, KS 66061
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_ X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   1/22/2015     D    482000   D   (1) 0   D    
Common Stock   1/22/2015     D    17500   D   (1) 0   I   By Son  
Common Stock   1/22/2015     D    17500   D   (1) 0   I   By Daughter  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy)   $3.66   1/22/2015     D         30000      (2) 5/18/2016   Common Stock   30000     (2) 0   D    
Employee Stock Option (Right to Buy)   $5.11   1/22/2015     D         30000      (3) 6/2/2021   Common Stock   30000     (3) 0   D    
Employee Stock Option (Right to Buy)   $5.86   1/22/2015     D         10000      (4) 5/31/2023   Common Stock   10000     (4) 0   D    
Employee Stock Option (Right to Buy)   $12.44   1/22/2015     D         5000      (5) 5/23/2024   Common Stock   5000     (5) 0   D    

Explanation of Responses:
( 1)  Disposed of pursuant to merger agreement among Elecsys Corporation, Lindsay Corporation and Matterhorn Merger Sub, Inc. in exchange for the right to receive $17.50 per share on the effective date of the merger.
( 2)  This option, which provided for vesting in three equal annual installments beginning May 18, 2007, was cancelled in the merger in exchange for a cash payment of $415,200, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
( 3)  This option, which provided for vesting in three equal annual installments beginning June 2, 2012, was cancelled in the merger in exchange for a cash payment of $371,700, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
( 4)  This option, which provided for vesting in three equal annual installments beginning May 31, 2014, was cancelled in the merger in exchange for a cash payment of $116,400, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.
( 5)  This option, which provided for vesting in three equal annual installments beginning May 23, 2015, was cancelled in the merger in exchange for a cash payment of $25,300, representing the difference between the exercise price of the option and $17.50 per share, which will be reduced by any income or employment tax required to be withheld with respect to such payment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GEMPERLI KARL B
846 N. MART-WAY COURT
OLATHE, KS 66061 		X X President & CEO

Signatures
/s/ Todd A. Daniels, Attorney-in-Fact for Karl B. Gemperli 1/26/2015
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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