CLEARONE INC — Director's Dealing 2007

Jul 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEARONE COMMUNICATIONS INC (CLRO)
CIK: 0000840715
Period of Report: 2007-07-06

Reporting Person: BAGLEY EDWARD D (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-06	Common Stock	M	100000	$3.55	Acquired	1665301	Direct
2007-07-06	Common Stock	M	27000	$2.8	Acquired	1692301	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-06	Common Stock Options	$3.55	M	100000	Disposed	2012-10-24	Common Stock (100000)	Direct
2007-07-06	Common Stock Options	$2.80	M	27000	Disposed	2013-11-12	Common Stock (27000)	Direct