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 *
MANDELBAUM FRANK
   2. Issuer Name and Ticker or Trading Symbol
INTELLI CHECK INC [IDN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
246 CROSSWAYS PARK WEST		 3. Date of Earliest Transaction (Month/Day/Year)
01/24/2007
(Street)

WOODBURY, NY 11797		 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, $.001 par value 01/24/2007   G   2,000 D $ 0 595,281 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
Rights (1) $ 8.5 01/24/2007   D     200 10/05/2001 06/30/2007 Common Stock 200 $ 0 0 D  
Option (Right to Buy) $ 6 11/16/2006   A   25,000   11/16/2006 11/16/2016 Common Stock 25,000 $ 0 25,000 D  
Option (Right to Buy) $ 3.22 11/08/2005   A   25,000   12/30/2005 12/30/2015 Common Stock 25,000 $ 0 25,000 D  
Option (Right to Buy) $ 4.37 12/03/2004   A   25,000   01/01/2005 01/01/2015 Common Stock 25,000 $ 0 25,000 D  
Option (Right to Buy) $ 4.37 12/03/2004   A   25,000   01/01/2006 01/01/2016 Common Stock 25,000 $ 0 25,000 D  
Option (Right to Buy) $ 4.37 12/03/2004   A   25,000   01/01/2007 01/01/2017 Common Stock 25,000 $ 0 25,000 D  
Option (Right to Buy) $ 8.22 07/10/2003   A   100,000   07/10/2003 07/10/2008 Common Stock 100,000 $ 0 100,000 D  
Option (Right to Buy) $ 12.1 02/01/2002   A   350,000   02/01/2002 02/01/2007 Common Stock 350,000 $ 0 350,000 D  
Option (Right to Buy) $ 3 07/15/1999   A   375,000   07/15/1999 07/15/2008 Common Stock 375,000 $ 0 375,000 D  
Rights (1) $ 8.5 12/13/2001   A   58,000   12/13/2001 06/30/2007 Common Stock 58,000 $ 0 58,000 D  
Rights (1) $ 8.5 10/05/2001   A   38,599   10/05/2001 06/30/2007 Common Stock 38,599 $ 0 38,599 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MANDELBAUM FRANK
246 CROSSWAYS PARK WEST
WOODBURY, NY 11797		   X   X   Chairman and CEO  

Signatures

 /s/ Frank Mandelbaum   01/24/2007
**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) Upon a transfer of shares to which the rights attach the rights are no longer exercisable.

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