Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] 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 ^* Phillips Todd L.	2. Issuer Name and Ticker or Trading Symbol INDUSTRIAL SERVICES OF AMERICA INC [ IDSA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO, President, CFO
(Last) (First) (Middle) 7100 GRADE LANE, BUILDING 1	3. Date of Earliest Transaction (MM/DD/YYYY) 12/16/2019
(Street) LOUISVILLE, KY 40213 (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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	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	12/16/2019		M		119386	A	⁽¹⁾	205115	D
Common Stock	12/16/2019		F		41532	D	$1.11	163583	D

*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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Incentive Stock Options (Right to Buy)	$1.27	12/16/2019		D			62120	⁽²⁾	3/15/2024	Common Stock	62120	⁽³⁾	0	D
Non-Incentive Stock Options (Right to Buy)	$2.46	12/16/2019		D			31041	⁽⁴⁾	3/28/2023	Common Stock	31041	⁽³⁾	0	D
Restricted Stock Units	⁽¹⁾	12/16/2019		M			78740	⁽⁵⁾⁽⁷⁾	⁽⁵⁾⁽⁷⁾	Common Stock	78740	$0	0	D
Restricted Stock Units	⁽¹⁾	12/16/2019		M			40646	⁽⁶⁾⁽⁷⁾	⁽⁶⁾⁽⁷⁾	Common Stock	40646	$0	0	D

Explanation of Responses:
(1)	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
(2)	The option was originally granted on March 15, 2019 and provides for vesting in three equal annual installments commencing on March 15, 2020.
(3)	The option was cancelled by mutual agreement of the reporting person and the Issuer for nominal, non-cash consideration.
(4)	The option was originally granted on March 28, 2018 and provides for vesting in three equal annual installments commencing on March 28, 2019.
(5)	The RSUs were originally granted on March 15, 2019, with vesting on March 15, 2022, subject to acceleration upon certain events
(6)	The RSUs were originally granted on March 28, 2018, with vesting on March 28, 2021, subject to acceleration upon certain events.
(7)	Vesting accelerated to December 16, 2019, upon the closing of the sale of substantially all of the Issuer's assets.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Phillips Todd L. 7100 GRADE LANE BUILDING 1 LOUISVILLE, KY 40213	X		CEO, President, CFO