OneSpan Inc. — Director's Dealing 2012

Aug 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2012-08-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-24	Common Stock, $0.001 par value	M	31064	$0.72	Acquired	8128651	Direct
2012-08-24	Common Stock, $0.001 par value	S	30764	$9.5	Disposed	8097887	Direct
2012-08-24	Common Stock, $0.001 par value	S	200	$9.515	Disposed	8097687	Direct
2012-08-24	Common Stock, $0.001 par value	S	100	$9.55	Disposed	8097587	Direct
2012-08-27	Common Stock, $0.001 par value	M	31400	$0.72	Acquired	8128987	Direct
2012-08-27	Common Stock, $0.001 par value	S	1640	$9.52	Disposed	8127347	Direct
2012-08-27	Common Stock, $0.001 par value	S	929	$9.53	Disposed	8126418	Direct
2012-08-27	Common Stock, $0.001 par value	S	3731	$9.54	Disposed	8122687	Direct
2012-08-27	Common Stock, $0.001 par value	S	788	$9.55	Disposed	8121899	Direct
2012-08-27	Common Stock, $0.001 par value	S	1509	$9.56	Disposed	8120390	Direct
2012-08-27	Common Stock, $0.001 par value	S	2810	$9.57	Disposed	8117580	Direct
2012-08-27	Common Stock, $0.001 par value	S	6030	$9.58	Disposed	8111550	Direct
2012-08-27	Common Stock, $0.001 par value	S	2923	$9.59	Disposed	8108627	Direct
2012-08-27	Common Stock, $0.001 par value	S	3378	$9.60	Disposed	8105249	Direct
2012-08-27	Common Stock, $0.001 par value	S	1262	$9.61	Disposed	8103987	Direct
2012-08-27	Common Stock, $0.001 par value	S	1400	$9.62	Disposed	8102587	Direct
2012-08-27	Common Stock, $0.001 par value	S	580	$9.63	Disposed	8102007	Direct
2012-08-27	Common Stock, $0.001 par value	S	1300	$9.64	Disposed	8100707	Direct
2012-08-27	Common Stock, $0.001 par value	S	173	$9.65	Disposed	8100534	Direct
2012-08-27	Common Stock, $0.001 par value	S	1910	$9.66	Disposed	8098624	Direct
2012-08-27	Common Stock, $0.001 par value	S	137	$9.67	Disposed	8098487	Direct
2012-08-27	Common Stock, $0.001 par value	S	400	$9.68	Disposed	8098087	Direct
2012-08-27	Common Stock, $0.001 par value	S	400	$9.70	Disposed	8097687	Direct
2012-08-27	Common Stock, $0.001 par value	S	100	$9.71	Disposed	8097587	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-24	Option to Purchase Common Stock, $0.001 par value	$0.72	M	31064	Disposed	2013-01-09	Common Stock, $0.001 par value (31064)	Direct
2012-08-27	Option to Purchase Common Stock, $0.001 par value	$0.72	M	31400	Disposed	2013-01-09	Common Stock, $0.001 par value (31400)	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: This transaction involved a gift of securities by the reporting person to his 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.