OneSpan Inc. — Director's Dealing 2012

Dec 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2012-12-12

Reporting Person: WALTER JOHN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock, $0.001 par value	M	20000	$1.50	Acquired	76194	Direct
2012-12-12	Common Stock, $0.001 par value	M	20000	$2.55	Acquired	96194	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-12	Option to Purchase Common Stock, $0.001 par value	$1.50	M	20000	Disposed	2013-04-22	Common Stock, $0.001 par value (20000)	Direct
2012-12-12	Option to Purchase Common Stock, $0.001 par value	$2.55	M	20000	Disposed	2014-01-20	Common Stock, $0.001 par value (20000)	Direct

Footnotes

F1: Option vests 25% at the first quarter end following grant date and each quarter thereafter.