AWARE INC /MA/ — Director's Dealing 2006

Dec 12, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2006-12-08

Reporting Person: McGrath Mark G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-08	Common Stock	P	2680	$5.10	Acquired	24893	Direct
2006-12-08	Common Stock	P	500	$5.05	Acquired	25393	Direct
2006-12-08	Common Stock	P	920	$5.04	Acquired	26313	Direct
2006-12-08	Common Stock	P	1900	$5.0999	Acquired	28213	Direct
2006-12-11	Common Stock	P	1800	$5.0899	Acquired	30013	Direct
2006-12-11	Common Stock	P	13696	$5.09	Acquired	43709	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.