CLEARONE INC — Director's Dealing 2005

Jan 31, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEARONE COMMUNICATIONS INC (CLRO)
CIK: 0000840715
Period of Report: 2005-01-27

Reporting Person: Bathurst Tracy (VP of Product Line Management)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-27	Employee Stock Option (right to buy)	$4.00	A	20000	Acquired	2015-01-27	Common Stock (20000)	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 remaining 24-month period. In addition, the grant agreements will reflect a
provision for immediate vesting of all options immeidately prior to a change in control or a coprorate transaction in the
company, as defined in the 1998 Stock Option Plan.