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: VALCKE JAN E C (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock, $0.001 par value	M	100000	$0.72	Acquired	410653	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	$0.72	M	100000	Disposed	2013-01-09	Common Stock, $0.001 par value (100000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock, $0.001 par value	$2.53	2014-01-08	Common Stock, $0.001 par value (100000)	100000	Direct

Footnotes

F1: Options to purchase 100,000 shares vest 6/36ths on 7/9/03 and 1/36th each month thereafter.

F2: Options to purchase 100,000 shares vest 6/36ths on 7/8/04 and 1/36th each month thereafter.