OneSpan Inc. — Director's Dealing 2012

Nov 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2012-11-21

Reporting Person: WALTER JOHN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-21	Common Stock, $0.001 par value	G	30099	—	Disposed	56194	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock, $0.001 par value	$1.50	2013-04-22	Common Stock, $0.001 par value (20000)	20000	Direct
Option to Purchase Common Stock, $0.001 par value	$2.55	2014-01-20	Common Stock, $0.001 par value (20000)	20000	Direct

Footnotes

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