Andrea Electronics (ANDR) Form 4 ANDREA ELECTRONICS / JOSEPH J MIGLIOZZI ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MIGLIOZZI JOSEPH J

(Last) (First) (Middle)

C/O ANDREA ELECTRONICS CORPORATION

65 ORVILLE DRIVE

(Street)

BOHEMIA NY 11716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ANDREA ELECTRONICS CORP [ ANDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/06/2015		M		75,000	A	$0.05	786,261	D
Common Stock	08/06/2015		M		40,000	A	$0.05	826,261	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$0.05	08/06/2015		M			40,000	05/01/2006	11/01/2015	Common Stock	40,000	$0.0000	0.0000	D
Employee Stock Option (right to buy)	$0.05	08/06/2015		M			75,000	11/10/2005	08/10/2015	Common Stock	75,000	$0.0000	0.0000	D
Employee Stock Option (right to buy)	$0.11							01/24/2010	07/24/2019	Common Stock	45,455		45,455	D
Employee Stock Option (right to buy)	$0.04							02/08/2009	08/08/2018	Common Stock	125,000		125,000	D
Employee Stock Option (right to buy)	$0.11							03/12/2008	09/12/2017	Common Stock	45,455		45,455	D
Employee Stock Option (right to buy)	$0.12							05/16/2007	11/16/2016	Common Stock	41,667		41,667	D
Employee Stock Option (right to buy)	$0.04							08/08/2009	08/08/2018	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$0.11							09/12/2008	09/12/2017	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$0.08							09/22/2011	09/22/2020	Common Stock	62,500		62,500	D
Employee Stock Option (right to buy)	$0.07							10/02/2014(1)	10/02/2024	Common Stock	100,000		100,000	D
Employee Stock Option (right to buy)	$0.08							10/21/2015(2)	10/21/2024	Common Stock	150,000		150,000	D

Explanation of Responses:

1. Stock Options granted on October 2, 2014 will vest as follows: 33.3% on October 2, 2014, 33.3% on October 2, 2015 and 33.4% on October 2, 2016.

2. Stock Options granted on October 21, 2014 will vest as follows: 33.3% on October 21, 2015, 33.3% on October 21, 2016 and 33.4% on October 21, 2017.

	/s/ Corisa Guiffre, Power of Attorney	08/10/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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