AWARE INC /MA/ — Director's Dealing 2006

Sep 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2006-09-07

Reporting Person: McGrath Mark G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-07	Common Stock	A	300	$5.15	Acquired	17213	Direct
2006-09-07	Common Stock	A	4800	$5.2847	Acquired	22013	Direct
2006-09-07	Common Stock	A	200	$5.30	Acquired	22213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-07	Stock Option (right to buy)	$5.30	A	25000	Acquired	2013-09-07	Common Stock (25000)	Direct

Footnotes

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