Genasys Inc. — Director's Dealing 2008

Oct 20, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AMERICAN TECHNOLOGY CORP /DE/ (ATCO)
CIK: 0000924383
Period of Report: 2008-10-10

Reporting Person: Carmichael Norman (Vice President, Operations)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$4.69	2011-10-19	Common Stock (30000)		Direct
Stock Option (Right to Buy)	$1.88	2013-02-15	Common Stock (30000)		Direct

Footnotes

F1: Grant to reporting person on October 19, 2006 of an option to purchase 30,000 shares. The option vests as to 25% on the first anniversary and 1/16 per quarter until fully vested.

F2: Grant to reporting person on February 15, 2008 of an option to purchase 30,000 shares. The option vests as to 1/3 of the shares on the date of grant and 1/12 quarterly thereafter until fully vested.