OneSpan Inc. — Director's Dealing 2011

Dec 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2011-12-05

Reporting Person: HUNT T KENDALL (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-05	Common Stock, $0.001 par value	S	1856	$7.95	Disposed	7950129	Direct
2011-12-05	Common Stock, $0.001 par value	S	1272	$8.01	Disposed	7948857	Direct
2011-12-05	Common Stock, $0.001 par value	S	1200	$7.9585	Disposed	7947657	Direct
2011-12-05	Common Stock, $0.001 par value	S	759	$8.02	Disposed	7946898	Direct
2011-12-05	Common Stock, $0.001 par value	S	677	$8.04	Disposed	7946221	Direct
2011-12-05	Common Stock, $0.001 par value	S	622	$8.05	Disposed	7945599	Direct
2011-12-05	Common Stock, $0.001 par value	S	600	$8.00	Disposed	7944999	Direct
2011-12-05	Common Stock, $0.001 par value	S	500	$7.98	Disposed	7944499	Direct
2011-12-05	Common Stock, $0.001 par value	S	400	$8.0225	Disposed	7944099	Direct
2011-12-05	Common Stock, $0.001 par value	S	400	$7.9575	Disposed	7943699	Direct
2011-12-05	Common Stock, $0.001 par value	S	400	$8.0075	Disposed	7943299	Direct
2011-12-05	Common Stock, $0.001 par value	S	344	$7.96	Disposed	7942955	Direct
2011-12-05	Common Stock, $0.001 par value	S	307	$8.0085	Disposed	7942648	Direct
2011-12-05	Common Stock, $0.001 par value	S	100	$8.0123	Disposed	7942548	Direct
2011-12-05	Common Stock, $0.001 par value	S	100	$7.9914	Disposed	7942448	Direct
2011-12-05	Common Stock, $0.001 par value	S	100	$7.965	Disposed	7942348	Direct
2011-12-05	Common Stock, $0.001 par value	S	100	$8.06	Disposed	7942248	Direct
2011-12-05	Common Stock, $0.001 par value	S	93	$7.99	Disposed	7942155	Direct
2011-12-05	Common Stock, $0.001 par value	S	92	$8.03	Disposed	7942063	Direct
2011-12-05	Common Stock, $0.001 par value	S	77	$8.0188	Disposed	7941986	Direct
2011-12-05	Common Stock, $0.001 par value	S	1	$8.07	Disposed	7941985	Direct