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AWARE INC /MA/ Director's Dealing 2007

Feb 14, 2007

34571_dirs_2007-02-14_ca049b43-3148-4b26-90d5-97cd50a8763d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: DALESSIO FREDERICK D (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 20000 Acquired 2017-02-12 Common Stock (20000) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $5.58 2010-02-22 Common Stock (5000) 5000 Direct
Stock option (right to buy) $6.18 2015-02-16 Common Stock (10500) 10500 Direct
Stock Option (right to buy) $2.95 2014-09-08 Common Stock (10000) 10000 Direct
Stock Option (right to buy) $2.09 2013-06-02 Common Stock (12500) 12500 Direct
Stock Option (right to buy) $2.48 2012-12-11 Common Stock (25000) 25000 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 December 31, 2002, until fully vested.