CLEARONE INC — Director's Dealing 2017

Jun 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLEARONE INC (CLRO)
CIK: 0000840715
Period of Report: 2017-06-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-23	Common Stock	F	32713	—	Disposed	175676	Direct
2017-06-23	Common Stock	M	50000	—	Acquired	225676	Direct
2017-06-23	Common Stock	F	8117	—	Disposed	217559	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-23	Stock Option (Right to Buy)	$6.15	M	50000	Disposed	2017-08-14	Common Stock (50000)	Direct

Footnotes

F1: On June 23, 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 32,713 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 8,117 shares in satisfaction of U.S. federal income tax withholding obligations with respect to the exercise of the Options.