CLEARONE INC — Director's Dealing 2004

Nov 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEARONE COMMUNICATIONS INC (CLRO)
CIK: 0000840715
Period of Report: 2004-11-18

Reporting Person: Sorrentino Joseph Paul (VP Worldwide Sales & Marketing)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-18	Employee Stock Option (right to buy)	$4.2	A	55000	Acquired	2014-11-18	Common Stock (55000)	Direct

Footnotes

F1: One-third of the options granted will vest on the first anniversary of the stock option grant. The remaining options will vest in equal monthly increments over the subsequent 24-moth period. In addition, the grant agreements will reflect a provision for immediate vesting of all options immediately prior to a change in control or a corporate transaction in the company, as defined in the 1998 Stock Option Plan.