Genasys Inc. — Director's Dealing 2006

Feb 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN TECHNOLOGY CORP /DE/ (ATCO)
CIK: 0000924383
Period of Report: 2006-02-15

Reporting Person: CROFT JAMES III (Chief Tech Officer & VP Dev)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-15	Common Stock	M	1700	$3	Acquired	1750	Direct
2006-02-15	Common Stock	S	1000	$4.1015	Disposed	750	Direct
2006-02-15	Common Stock	S	700	$4.11	Disposed	50	Direct
2006-02-16	Common Stock	M	8500	$3	Acquired	8550	Direct
2006-02-16	Common Stock	S	300	$4.08	Disposed	8250	Direct
2006-02-16	Common Stock	S	1000	$4.05	Disposed	7250	Direct
2006-02-16	Common Stock	S	6000	$3.99	Disposed	1250	Direct
2006-02-16	Common Stock	S	100	$4.01	Disposed	1150	Direct
2006-02-16	Common Stock	S	400	$4	Disposed	750	Direct
2006-02-16	Common Stock	S	650	$3.9517	Disposed	50	Direct
2006-02-17	Common Stock	M	2000	$3	Acquired	2050	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-15	Employee Stock Option (right to buy)	$3	M	1700	Disposed	2006-02-20	Common Stock (1700)	Direct
2006-02-16	Employee Stock Option (right to buy)	$3	M	8500	Disposed	2006-02-20	Common Stock (8500)	Direct
2006-02-17	Employee Stock Option (right to buy)	$3	M	2000	Disposed	2006-02-20	Common Stock (2000)	Direct

Footnotes

F1: The option and the shares acquired upon exercise are subject to a domestic relations order. The reporting person disclaims beneficial ownership of the shares subject to and acquired upon exercise of the option except to the extent of his pecuniary interest therein.

F2: Grant to reporting person on February 20, 2001 of an option to purchase 30,000 shares. The option vested as to 1/8 of the shares in equal quarterly installments over two years beginning on April 1, 2001.