KOSS CORP — Director's Dealing 2010

Dec 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOSS CORP (KOSS)
CIK: 0000056701
Period of Report: 2006-05-08

Reporting Person: KOSS MICHAEL J (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-08	Common Stock	G	2000	$0.00	Disposed	826340	Direct
2010-12-08	Common Stock	G	2000	$0.00	Acquired	144122	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-08	Employee Stock Option (right to buy)	$14.4	A	80000	Acquired	2011-05-08	Common Stock (80000)	Direct
2007-05-09	Employee Stock Option (right to buy)	$10.71	A	80000	Acquired	2012-05-09	Common Stock (80000)	Direct
2008-05-08	Employee Stock Option (right to buy)	$8.53	A	120000	Acquired	2013-05-08	Common Stock (120000)	Direct
2009-07-15	Employee Stock Option (right to buy)	$6.905	A	160000	Acquired	2014-07-15	Common Stock (160000)	Direct
2010-07-14	Employee Stock Option (right to buy)	$5.76	A	160000	Acquired	2015-07-14	Common Stock (160000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113017	Indirect

Footnotes

F1: This option vests in four equal installments beginning on 5/8/2007.

F2: This option vests in four equal installments beginning on 5/9/2008.

F3: This option vests in four equal installments beginning on 5/8/2009.

F4: This option vests in four equal installments beginning on 7/15/2010.

F5: This option vests in four equal installments beginning on 7/14/2011.

F6: This total reflects the December 1, 2009 2-for-1 stock split and a transfer from the reporting person's ESOP to the reporting person directly.

F7: This total reflects the December 1, 2009 2-for-1 stock split.

F8: This total reflects the December 1, 2009 2-for-1 stock split, a transfer from the reporting person's ESOP to the reporting person directly and recent ESOP allocations.