CLEARONE INC — Director's Dealing 2011

May 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEARONE COMMUNICATIONS INC (CLRO)
CIK: 0000840715
Period of Report: 2011-05-23

Reporting Person: BAGLEY EDWARD D (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-23	Common Stock	X	18000	$6.4	Acquired	2274816	Direct
2011-05-23	Common Stock	X	4167	$3.65	Acquired	2274816	Direct
2011-05-23	Common Stock	X	12500	$4.03	Acquired	2274816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-23	Stock Option (Right to Buy)	$6.4	X	18000	Disposed	2014-03-24	Common Stock (18000)	Direct
2011-05-23	Stock Option (Right to Buy	$3.65	X	4167	Disposed	2016-09-18	Common Stock (4167)	Direct
2011-05-23	Stock Option (Right to Buy)	$4.03	X	12500	Disposed	2018-11-14	Common Stock (12500)	Direct