Genasys (GNSS) 10-Q 2005 Q2 Quarterly report

EXHIBIT 10.1

Table of Inducement Stock Option Grants

          From time to time, as an inducement to employment, the registrant has granted to certain of its employees that are not executive officers non-qualified stock options in accordance with individual compensation arrangements that have not been approved by the registrant’s security holders (collectively, the “Inducement Options”). All Inducement Options are documented pursuant to the form of Inducement Grant Notice and Inducement Stock Option Agreement filed as Exhibit 4.1 to the registrant’s Form 8-K filed on September 28, 2004.

          The table set forth below lists the Inducement Options granted by the registrant to certain of its employees that are not executive officers, and the principal terms thereof. Each of the following options is a non-statutory option, has a five year term and vests 25% on the first anniversary of the grant date and then quarterly thereafter for the next 12 quarters, subject to continued employment and other conditions.

Date of Grant	Shares Underlying Option	Exercise Price
9/21/04	3,500	$6.14
9/21/04	15,000	$6.14
9/21/04	1,000	$6.14
9/21/04	10,000	$6.14
9/21/04	17,500	$6.14
10/26/04	2,500	$6.21
10/26/04	12,500	$6.21
10/26/04	5,000	$6.21
11/16/04	1,500	$6.70
11/16/04	2,500	$6.70
12/22/04	6,000	$10.06
12/22/04	18,000	$10.06
12/22/04	20,000	$10.06
12/22/04	5,000	$10.06
12/22/04	2,500	$10.06
12/22/04	25,000	$10.06
1/25/05	20,000	$9.48
1/25/05	2,000	$9.48
1/25/05	8,000	$9.48
1/25/05	15,000	$9.48
1/25/05	12,000	$9.48
3/16/05	12,000	$8.40
3/16/05	12,000	$8.40