OneSpan Inc. — Director's Dealing 2017

Aug 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VASCO DATA SECURITY INTERNATIONAL INC (VDSI)
CIK: 0001044777
Period of Report: 2017-08-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-24	Common Stock, $0.001 par value	S	2050	$12.19	Disposed	7468369	Direct
2017-08-25	Common Stock, $0.001 par value	S	8700	$12.14	Disposed	7459669	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	100000	Indirect
Common Stock, $0.001 par value	1011300	Indirect
Common Stock, $0.001 par value	200000	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership to the extent he does not have a pecuniary interest in the securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or any other purpose.

F2: Shares held by reporting person's spouse. Reporting person disclaims beneficial ownership of the shares held by his spouse and this report should not be deemed as admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

F3: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person effective May 15, 2017.