AWARE INC /MA/ — Director's Dealing 2008

Sep 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2008-09-18

Reporting Person: STEWART CHARLES K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-18	Stock Option (right to buy)	$3.12	A	25000	Acquired	2018-09-18	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	893790	Direct
Common Stock	192431	Indirect

Footnotes

F1: These shares are held in a trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F2: Vests in 16 equal quarterly installments on the last day of each quarter from September 30, 2008 to June 30, 2010.