XWELL, Inc. — Director's Dealing 2012

Jul 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vringo Inc (VRNG)
CIK: 0001410428
Period of Report: 2012-07-26

Reporting Person: Lang Andrew Kennedy (Director, President & CTO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-26	Common Stock, $0.01 par value per share	A	125000	—	Acquired	2765400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-26	Option	$3.72	A	250000	Acquired	2022-07-26	Common Stock (250000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	3017600	Indirect

Footnotes

F1: These shares of common stock are represented by restricted stock units which vest over a four-year period, with 1/8 of the restricted stock units vesting on January 26, 2013 and 1/16 of the restricted stock units vesting ratably on a quarterly basis thereafter.

F2: Mr. Lang is the manager of Innovation Spring LLC ("Innovation Spring") and has the sole power to dispose or direct the disposition of the securities held by Innovation Spring. Innovation Spring Trust is the sole member and 100% owner of Innovation Spring and has the sole power to vote or direct the vote over the securities held by Innovation Spring. The Reporting Person does not have power to vote or direct the vote over the securities held by Innovation Spring.

F3: These options are exercisable over a three-year period, with 1/12 of the options vesting ratably on a quarterly basis over the three year period commencing on July 26, 2012.