- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Oppegard Maria

2. Date of Event Requiring Statement (MM/DD/YYYY) 8/1/2011

3. Issuer Name and Ticker or Trading Symbol

SRS LABS INC [SRSL]

(Last) (First) (Middle)

2909 DAIMLER STREET

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

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
Controller, PFO & PAO /

(Street)

SANTA ANA, CA 92705

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

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 Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option	6/8/2006 ⁽¹⁾	6/8/2015	Common Stock	14400	$5.50	D
Employee Stock Option	4/12/2007 ⁽¹⁾	4/12/2016	Common Stock	7600	$6.05	D
Employee Stock Option	1/19/2008 ⁽²⁾	1/19/2017	Common Stock	6080	$9.29	D
Employee Stock Option	9/24/2008 ⁽²⁾	9/24/2017	Common Stock	10000	$7.50	D
Employee Stock Option	1/2/2009 ⁽²⁾	1/2/2018	Common Stock	7600	$5.24	D
Employee Stock Option	1/2/2010 ⁽²⁾	1/2/2019	Common Stock	7600	$4.81	D
Employee Stock Option	12/31/2010 ⁽²⁾	12/30/2019	Common Stock	10160	$7.33	D
Employee Stock Option	12/31/2011 ⁽²⁾	12/30/2020	Common Stock	12500	$8.81	D

Explanation of Responses:
( 1)	Non-qualified option grant under the SRS Labs, Inc. 1996 Long-Term Incentive Plan. The option vests as follows: 1/4th to vest one year after the date of grant and 1/16th every three months during the next three successive years thereafter measured from the first anniversary of the grant date.
( 2)	Non-qualified option grant under the SRS Labs, Inc. 2006 Stock Incentive Plan. The option vests as follows: 1/4th to vest one year after the date of grant and 1/16th every three months during the next three successive years thereafter measured from the first anniversary of the grant date.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Oppegard Maria 2909 DAIMLER STREET SANTA ANA, CA 92705			Controller, PFO & PAO

Signatures
/s/ Gloria Ciancio, Attorney-in-fact		8/10/2011
^** 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 5(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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.