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 JOHN C JR (Vice President - Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-17	Common Stock	S	25867	$28.50	Disposed	145147	Direct
2006-01-17	Common Stock	M	40000	$18.43	Acquired	185147	Direct
2005-08-11	Common Stock	G	1000	$0.00	Acquired	13000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-17	Stock Option (right to buy)	$18.43	M	40000	Disposed	2006-04-25	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46331	Indirect

Footnotes

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

F2: Stock option grant.