OneSpan Inc. — Director's Dealing 2020

Feb 7, 2020

SEC Form 4/A — Form 4/A

Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2019-06-12

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-12	Restricted Stock Units	$	A	7124	Disposed		Common Stock (7124)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	134219	Indirect
Common Stock, $0.001 par value	1011300	Indirect
Common Stock, $0.001 par value	200000	Indirect
Common Stock, $0.001 par value	5881376	Direct

Footnotes

F1: The reporting person's number of shares of common stock owned was previously overstated by 7,124 shares, which is the number of shares awarded in a June 12, 2019 restricted stock unit grant that should have been reported in Table II instead of Table I. The number of shares of common stock owned was overstated on this reporting person's Form 4 documents filed on June 14, 2019, July 9, 2019, November 4, 2019, January 17, 2020, and the Form 4/A filed on January 24, 2020.

F2: The reporting person received a restricted stock unit grant upon approval of the OneSpan Inc. 2019 Omnibus Incentive Plan (the "2019 Plan") at the Annual Meeting of Stockholders of OneSpan Inc. held on June 12, 2019. The 2019 Plan was approved by the Board on February 1, 2019, subject to stockholder approval. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

F3: The shares acquired are deferred restricted stock units and will vest on February 1, 2020.

F4: Not applicable.