CLEARONE INC — Director's Dealing 2017

Jul 13, 2017

SEC Form 4/A — Form 4/A

Issuer: CLEARONE INC (CLRO)
CIK: 0000840715
Period of Report: 2017-06-30

Reporting Person: HAKIMOGLU ZEYNEP (Director, PRESIDENT & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-30	Common Stock	F	32609	—	Disposed	184950	Direct
2017-06-30	Common Stock	M	50000	—	Acquired	234950	Direct
2017-06-30	Common Stock	F	8166	—	Disposed	226784	Direct

Footnotes

F1: On June 30, 2017, the reporting person exercised options to purchase 50,000 shares of common stock at an exercise price of $6.15 per share (the "Options"). As payment of the exercise price of the Options, the reporting person forfeited to the issuer 32,609 shares of common stock beneficially owned by the reporting person prior to the exercise of the Options with a market value equal to the exercise price for the Options based on the closing price of the issuer's common stock as reported on the Nasdaq Capital Market on the date of exercise.

F2: In connection with the exercise of the Options, the issuer withheld 8,166 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options.