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Genasys Inc. Director's Dealing 2011

Feb 8, 2011

34184_dirs_2011-02-08_1ae47916-2afb-4890-b0b8-21da3b6a911c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LRAD Corp (LRAD)
CIK: 0000924383
Period of Report: 2011-02-04

Reporting Person: MARXE AUSTIN W & GREENHOUSE DAVID M (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-04 Common Stock J 788090 $2.67 Acquired 3985271 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-02-04 Warrants $2.67 J 788090 Disposed 2011-02-06 Common Stock (788090) Indirect
2011-02-04 Warrants $2.67 J 788090 Acquired 2016-02-04 Common Stock (788090) Indirect

Footnotes

F1: This is a joint filing by Austin W. Marxe (Marxe) & David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (QP), Special Situations Private Equity Fund, L.P. (PE), Special Situations Technology Fund, LP (Tech) & Special Situations Technology II, Fund, L.P. (Tech II), respectively. 1,832,257 shares of Common Stock are held by QP, 612,989 shares of Common Stock are held by PE, 213,423 shares of Common Stock are held by Tech and 1,326,602 shares of Common Stock are held by Tech II. The interest of Marxe and Greenhouse in the shares of Common Stock owned by QP, PE, Tech, and Tech II is limited to the extent of his pecuniary interest.

F2: The Funds exercised their warrants in exchange for common shares and warrants to purchase common shares at $2.67.

F3: This is a joint filing by Austin W. Marxe (Marxe) & David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (QP), Special Situations Private Equity Fund, L.P. (PE), Special Situations Technology Fund, LP (Tech) & Special Situations Technology II, Fund, L.P. (Tech II), respectively. 372,466 Warrants are held by QP, 102,564 Warrants are held by PE, 43,385 Warrants are held by Tech & 269,675 Warrants are held by Tech II. The interest of Marxe and Greenhouse in the shares of Common Stock owned by QP, PE, Tech, and Tech II is limited to the extent of his pecuniary interest.