OneSpan Inc. — Director's Dealing 2011

Jan 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2011-01-07

Reporting Person: CULLINANE MICHAEL P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	Common Stock, $0.001 par value	A	10760	—	Acquired	74884	Direct

Footnotes

F1: All shares acquired are deferred stock. Shares of deferred stock vest fully on January 7, 2012.