AWARE INC /MA/ — Director's Dealing 2006

May 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2006-05-30

Reporting Person: Weiskopf Robert J (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-30	Common stock	M	13125	$2.95	Acquired	13125	Direct
2006-05-30	Common stock	M	25000	$2.89	Acquired	38125	Direct
2006-05-31	Common stock	S	100	$5.81	Disposed	38025	Direct
2006-05-31	Common stock	S	4593	$5.78	Disposed	33432	Direct
2006-05-31	Common stock	S	300	$5.79	Disposed	33132	Direct
2006-05-31	Common stock	S	100	$5.77	Disposed	33032	Direct
2006-05-31	Common stock	S	3800	$5.75	Disposed	29232	Direct
2006-05-31	Common stock	S	100	$5.76	Disposed	29132	Direct
2006-05-31	Common stock	S	1000	$5.76	Disposed	28132	Direct
2006-05-31	Common stock	S	400	$5.75	Disposed	27732	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-30	Stock option (right to buy)	$2.95	M	13125	Acquired	2014-09-08	Common stock (13125)	Direct
2006-05-30	Stock option (right to buy)	$2.89	M	25000	Acquired	2014-05-10	Common stock (25000)	Direct

Footnotes

F1: Vests in 16 equal quarterly installments of 6.25% beginning as of June 30, 2004 until fully vested

F2: 50% vests on September 8, 2004, the remaining 50% vests in 8 equal quarterly installmenbts of 6.25% beginning as of December 31, 2004 until fully vested