Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
RICHIE LEROY C
   2. Issuer Name and Ticker or Trading Symbol
DIGITAL ALLY INC [DGLY] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
7311 WEST 130TH STREET, SUITE 170		 3. Date of Earliest Transaction (Month/Day/Year)
05/14/2008
(Street)

OVERLAND PARK, KS 66213		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 05/14/2008   M   21,988 A $ 1 21,988 D  
Common Stock 05/14/2008   F   1,988 (1) D $ 11.06 20,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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
Stock Option (Right to Buy) $ 1 05/14/2008   M     21,988 08/31/2005(2) 08/31/2015 Common Stock 21,988 $ 0 538,012 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RICHIE LEROY C
7311 WEST 130TH STREET
SUITE 170
OVERLAND PARK, KS 66213		   X      

Signatures

 /s/ Leroy Richie   05/16/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects 1,988 shares withheld by the issuer at the market price of $11.06 per share less an exercise price of $1.00 per share to fund the cashless exercise of 21,988 options.
(2) The stock options exercised by the reporting person reported on this Form 4 vested on 8/31/2005.
 
Remarks:
The transaction reported above in Table I reflects the cashless exercise of stock options evidenced by an agreement dated September 1, 2005.  The cashless exercise is reported in two lines.  The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the option had cash been paid to exercise the options, together with the exercise price with Code A for acquired.  The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed.  Where the number of shares deducted for cashless exercise is a fraction, the number has been rounded to the nearest whole number of shares.  The number of shares on a net basis actually owned by the reporting person after the cashless exercise of the option is the amount by which the first line for the cashless exercise exceeds the second line for the same cashless exercise.  All transactions are exempt from Section 16 (b) by reason of Rule 16b-3.  The transaction reported in Table II above, reflects the disposition of the same stock options whose cashless exercise is disclosed in Table I above.  The number of derivative securities owned after the transaction reported in column 9 of Table II above includes only stock options.

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