OneSpan Inc. — Director's Dealing 2012

Dec 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2012-11-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-30	Common Stock, $0.001 par value	S	473	$7.50	Disposed	8042114	Direct
2012-11-30	Common Stock, $0.001 par value	S	1178	$7.51	Disposed	8040936	Direct
2012-11-30	Common Stock, $0.001 par value	S	1275	$7.52	Disposed	8039661	Direct
2012-11-30	Common Stock, $0.001 par value	S	674	$7.53	Disposed	8038987	Direct
2012-11-30	Common Stock, $0.001 par value	S	100	$7.54	Disposed	8038887	Direct
2012-11-30	Common Stock, $0.001 par value	S	500	$7.55	Disposed	8038387	Direct
2012-11-30	Common Stock, $0.001 par value	S	488	$7.56	Disposed	8037899	Direct
2012-11-30	Common Stock, $0.001 par value	S	200	$7.57	Disposed	8037699	Direct
2012-11-30	Common Stock, $0.001 par value	S	600	$7.58	Disposed	8037099	Direct
2012-11-30	Common Stock, $0.001 par value	S	112	$7.59	Disposed	8036987	Direct
2012-11-30	Common Stock, $0.001 par value	S	350	$7.60	Disposed	8036637	Direct
2012-11-30	Common Stock, $0.001 par value	S	450	$7.61	Disposed	8036187	Direct
2012-11-30	Common Stock, $0.001 par value	S	277	$7.63	Disposed	8035910	Direct
2012-11-30	Common Stock, $0.001 par value	S	23	$7.64	Disposed	8035887	Direct
2012-11-30	Common Stock, $0.001 par value	S	66	$7.65	Disposed	8035821	Direct
2012-11-30	Common Stock, $0.001 par value	S	34	$7.66	Disposed	8035787	Direct
2012-11-30	Common Stock, $0.001 par value	S	200	$7.67	Disposed	8035587	Direct
2012-11-30	Common Stock, $0.001 par value	S	200	$7.68	Disposed	8035387	Direct
2012-11-30	Common Stock, $0.001 par value	S	200	$7.71	Disposed	8035187	Direct
2012-11-30	Common Stock, $0.001 par value	S	100	$7.72	Disposed	8035087	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	343680	Indirect
Common Stock, $0.001 par value	100000	Indirect
Common Stock, $0.001 par value	511300	Indirect
Common Stock, $0.001 par value	1000	Indirect

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 (125000)	125000	Direct

Footnotes

F1: These shares held by the reporting person's stepdaughter who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his stepdaughter and this report should not be deemed as admission that the reporting person is the beneficial owner of his stepdaughter's shares for purposes of Section 16 or for any other purpose.