AWARE INC /MA/ — Director's Dealing 2007

Feb 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2007-02-12

Reporting Person: KERR JOHN K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-12	Stock Option (right to buy)	$5.06	A	36500	Acquired	2017-02-12	Common Stock (36500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	693588	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$5.58	2010-02-22	Common Stock (21500)	21500	Direct
Stock Option (right to buy)	$6.18	2015-02-16	Common Stock (27500)	27500	Direct
Stock Option (right to buy)	$2.95	2014-09-08	Common Stock (15000)	15000	Direct
Stock Option (right to buy)	$2.09	2013-06-02	Common Stock (40750)	40750	Direct
Stock Option (right to buy)	$3.39	2012-07-05	Common Stock (10000)	10000	Direct
Stock Option (right to buy)	$3.74	2011-09-21	Common Stock (10000)	10000	Direct
Stock Option (right to buy)	$7.42	2011-07-19	Common Stock (10000)	10000	Direct
Stock Option (right to buy)	$8.07	2011-05-17	Common Stock (10000)	10000	Direct
Stock Option (right to buy)	$20.375	2010-10-18	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$31.25	2010-01-14	Common Stock (5000)	5000	Direct
Stock Option (right to buy)	$34.0625	2009-03-05	Common Stock (30000)	30000	Direct

Footnotes

F1: Vests in 16 equal quarterly installments on the last day of each quarter from March 31 2007 through December 31, 2010.

F2: Vests in 16 equal quarterly installments on the last day of each quarter from March 31 2006 through December 31, 2009.

F3: Vests in full on February 16, 2005.

F4: 50% vests on September 8, 2004, the remaining 50% vests in 8 equal quarterly installments of 6.25%, beginning as of December 31, 2004, until fully vested.

F5: Vests in 16 equal quarterly installments of 6.25%, beginning as of June 30, 2003, until fully vested.

F6: Vests in 16 equal quarterly installments of 6.25%, beginning as of September 30, 2002, until fully vested.

F7: Vests in 16 equal quarterly installments of 6.25%, beginning as of September 30, 2001, until fully vested.

F8: 25% vests on July 19, 2001, the remaining 75% vests in 12 equal quarterly installments of 6.25%, until fully vested.

F9: 50% vests on July 1, 2001, the remaining 50% vests in 8 equal quarterly installments of 6.25%, until fully vested.

F10: Vests in 16 equal quarterly installments of 6.25%, beginning as of December 31, 2000, until fully vested.

F11: Vests in 16 equal quarterly installments of 6.25%, beginning as of March 31, 2000, until fully vested.

F12: Vests in full on March 5, 1999.