CLEARONE INC — Director's Dealing 2005

Jan 14, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CLEARONE COMMUNICATIONS INC (CLRO)
CIK: 0000840715
Period of Report: 2005-01-04

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	498	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$0.75	2007-07-31	Common Stock (15000)		Direct
Stock Option (right to buy)	$2.66	2008-06-10	Common Stock (15000)		Direct
Stock Option (right to buy)	$14.00	2009-12-29	Common Stock (10000)		Direct
Stock Option (right to buy)	$15.25	2010-06-30	Common Stock (50000)		Direct
Stock Option (right to buy)	$6.50	2014-04-12	Common Stock (5000)		Direct

Footnotes

F1: All vesting requirements were satisfied on the date indicated.

F2: 25% of the options will vest on April 12, 2005. The remaining 75% of the options will vest in 36 equal monthly installments
beginning April 12, 2006.