MITEK SYSTEMS INC — Director's Dealing 2010

Dec 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITEK SYSTEMS INC (MITK.OB)
CIK: 0000807863
Period of Report: 2010-12-02

Reporting Person: THORNTON JOHN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Common Stock	M	50000	$0.39	Acquired	2764959	Indirect
2010-12-02	Common Stock	F	5387	$3.62	Disposed	2759572	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Stock Option (Right to Buy)	$0.39	M	50000	Disposed	2010-12-04	Common Stock (50000)	Direct

Footnotes

F1: Exercise of a non-qualified stock option granted December 4, 2007, to purchase 50,000 shares of common stock under the cashless exercise method, resulting in the issuance of 44,613 shares of common stock to the reporting person and the cancellation of the remaining 5,387 shares in consideration of the issuance

F2: Option fully vested on date of grant