OneSpan Inc. — Director's Dealing 2012

Mar 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2012-03-09

Reporting Person: VALCKE JAN E C (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-09	Common Stock, $0.001 par value	A	31662	—	Acquired	279350	Direct
2012-03-09	Common Stock, $0.001 par value	A	31303	—	Acquired	310653	Direct

Footnotes

F1: Shares acquired are restricted common stock subject to vesting. 10,434 shares vest each January 7, 2013, 2014, and 2015. Shares also vest upon death or disability.