AWARE INC /MA/ — Director's Dealing 2006

Dec 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2006-12-14

Reporting Person: McGrath Mark G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-14	Common Stock	P	3403	$5.10	Acquired	110016	Direct
2006-12-15	Common Stock	P	300	$5.30	Acquired	110316	Direct
2006-12-15	Common Stock	P	200	$5.39	Acquired	110516	Direct
2006-12-15	Common Stock	P	400	$5.3999	Acquired	110916	Direct
2006-12-15	Common Stock	P	15697	$5.40	Acquired	126613	Direct
2006-12-15	Common Stock	P	400	$5.43	Acquired	127013	Direct
2006-12-15	Common Stock	P	3276	$5.44	Acquired	130289	Direct
2006-12-15	Common Stock	P	2992	$5.45	Acquired	133281	Direct
2006-12-15	Common Stock	P	373	$5.46	Acquired	133654	Direct
2006-12-15	Common Stock	P	15959	$5.47	Acquired	149613	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$5.30	2013-09-07	Common Stock (25000)	25000	Direct

Footnotes

F1: Options vest in 16 equal quarterly installments of 6.25%, beginning as of September 30, 2006, until fully vested.