AWARE INC /MA/ — Director's Dealing 2020

Mar 31, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AWARE INC /MA/ (AWRE)
CIK: 0001015739
Period of Report: 2020-03-27

Reporting Person: Mungovan Robert M (Chief Commercial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-27	Unrestricted Stock Award	$0.00	A	25000	Acquired		Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101280	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Unrestricted Stock Award	$0.00		Common Stock (40000)	40000	Direct
Stock Option (right to buy)	$4.50	2029-10-01	Common Stock (25000)	25000	Direct
Stock Option (right to buy)	$5.50	2029-10-01	Common Stock (25000)	25000	Direct
Stock Option (right to buy)	$6.50	2029-10-01	Common Stock (25000)	25000	Direct
Stock Option (right to buy)	$7.50	2029-10-01	Common Stock (25000)	25000	Direct

Footnotes

F1: Shares of unrestricted stock awarded to reporting person under Aware, Inc. 2001 Nonqualified Stock Plan. The shares will be issued as follows; 12,500 shares on June 30, 2020, and 12,500 shares on December 31, 2020 provided the reporting person is serving as a director, officer or employee of the Company or any subsidiary of the Company on said dates.

F2: Shares of unrestricted stock awarded to reporting person under Aware, Inc. 2001 Nonqualified Stock Plan. The shares will be issued as follows; 10,000 shares on October 1, 2020, 10,000 shares on October 1, 2021, 10,000 shares on October 1, 2022, and 10,000 shares on October 1, 2023 provided the reporting person is serving as a director, officer or employee of the Company or any subsidiary of the Company on said dates.

F3: Vests in 16 equal quarterly installments on the last day of each quarter from January 1, 2020 through October 1, 2023.