Genasys Inc. — Director's Dealing 2005

Nov 28, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AMERICAN TECHNOLOGY CORP /DE/ (ATCO)
CIK: 0000924383
Period of Report: 2005-11-17

Reporting Person: Ballard Alan J (VP, Govt and Military Division)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	770	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$4.26	2008-12-17	Common Stock (20000)		Direct
Employee Stock Option (right to buy)	$6.70	2009-11-16	Common Stock (18000)		Direct

Footnotes

F1: Grant to the reporting person on December 17, 2003. The option vested as to 1/4 of the shares on the six month anniversary of the grant date. Thereafter, 1/6 of the remaining shares subject to grant vested and continue to vest quarterly for two years until the option is fully vested on December 17, 2005.

F2: Grant to the reporting person on November 16, 2004. The option vested as to 1/4 of the shares on the first anniversary of the grant date and vests as to 1/12 of the remaining shares quarterly thereafter until fully vested on November 16, 2008.