KOSS CORP — Director's Dealing 2006

Jan 19, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOSS CORP (KOSS)
CIK: 0000056701
Period of Report: 2006-01-17

Reporting Person: KOSS MICHAEL J (Pres, CEO, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-17	Common Stock	S	67979	$28.50	Disposed	329415	Direct
2006-01-17	Common Stock	M	60000	$18.43	Acquired	389415	Direct
2006-01-17	Common Stock	M	45000	$18.48	Acquired	434415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-17	Stock Option (right to buy)	$18.43	M	60000	Disposed	2006-04-25	Common Stock (60000)	Direct
2006-01-17	Stock Option (right to buy)	$18.48	M	45000	Disposed	2007-04-24	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	77061	Indirect
Common Stock	63998	Indirect

Footnotes

F1: Reflects ESOP allocations that have occurred since the date of the Reporting Person's last ownership report.

F2: Stock Option grant.

F3: This option vests in four equal installments, with the first installment being 4/24/2003.

F4: This number of shares now includes the 1,000 shares previously reported as an indirect ownership by the reporting person's daughter and is now held in her trust.