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 *
Bizick Ronald G II
   2. Issuer Name and Ticker or Trading Symbol
GLOBAL SIGNAL INC [GSL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last)
(First)
(Middle)
301 N. CATTLEMEN ROAD, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
01/03/2006
(Street)

SARASOTA, FL 34232		 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 01/03/2006   M   61,500 A $ 8.53 308,023 D  
Common Stock 01/03/2006   M   46,125 A $ 8.53 354,148 D  
Common Stock 01/03/2006   M   100,000 A $ 18 448,593 D  

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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
Employee Stock Option (right to buy) $ 8.53 (1) 01/03/2006   M     61,500 12/31/2005 03/22/2013 Common Stock, par value $.01 per share 61,500 $ 8.53 0 D  
Employee Stock Option (right to buy) $ 8.53 (2) 01/03/2006   M     46,125 12/31/2005 03/22/2013 Common Stock, par value $.01 per share 46,125 $ 8.53 0 D  
Employee Stock Option (right to buy) $ 18 01/03/2006   M     100,000 12/31/2005 03/22/2013 Common Stock, par value $.01 per share 100,000 $ 18 222,877 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Bizick Ronald G II
301 N. CATTLEMEN ROAD
SUITE 300
SARASOTA, FL 34232		       Chief Operating Officer  

Signatures

 /s/ Ronald G. Bizick II   01/04/2006
**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) Pursuant to a Deferred Shares Award Agreement entered into between the issuer and the filer on December 21, 2005, the filer was given a discounted strike price of $8.53 for 61,500 shares of the 246,000 share option. The remaining shares (184,500) from that option will retain the exercise price of $18.00
(2) Pursuant to a Deferred Shares Award Agreement entered into on December 21, 2005 between the issuer and the filer, the vesting options for 184,500 shares that were originally exercisable on 12/31/06 were accelerated to 12/31/05, and options for 143,500 shares were cancelled.

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