Company:  TOP IMAGE SYSTEMS LTD (TISA)
Form Type:  20-F
Filing Date:  3/29/2012 
CIK:  0001021991 
Address:  2 BEN GURION STREET 
City, State, Zip:  RAMAT GAN,  52573 
Telephone:  972-3-767-9100 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$3.03   		Change: 
0.03 (1.00%)  
Trade Time: 
03:59 PM EST   		Market Cap: 
$35.31M
Description of Business
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  FORM 20-F
    PART I
      ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT ...
      ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE
      ITEM 3. KEY INFORMATION
      ITEM 4. INFORMATION ABOUT THE COMPANY
      ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS
        Results of Operations
        Liquidity and Capital Resources
      ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
        NAME AND TITLE
      ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY ...
        BENEFICIAL OWNERS
      ITEM 8. FINANCIAL INFORMATION
        Legal Proceedings
      ITEM 9. LISTING
      ITEM 10. ADDITIONAL INFORMATION
      ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ...
      ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN ...
    PART II
      ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND ...
      ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF ...
      ITEM 15. CONTROLS AND PROCEDURES
      ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
      ITEM 16B. CODE OF ETHICS
      ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
      ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS OF ...
      ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND ...
      ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ...
      ITEM 16G. CORPORATE GOVERNANCE
      ITEM 16H. MINE SAFETY DISCLOSURE
    PART III
      ITEM 17. FINANCIAL STATEMENTS
      ITEM 18. FINANCIAL STATEMENTS
      ITEM 19. EXHIBITS
    SIGNATURES
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    BALANCE SHEET
    BALANCE SHEET
    BALANCE SHEET
    INCOME STATEMENT
    INCOME STATEMENT
    STOCKHOLDERS EQUITY
    CASH FLOW
    CASH FLOW
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
  EXHIBIT 8
  EXHIBIT 12.1
  EXHIBIT 12.2
  EXHIBIT 13.1
  EXHIBIT 13.2
  EXHIBIT 15.1
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