XWELL, Inc. — Director's Dealing 2012

Mar 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vringo Inc (VRNG)
CIK: 0001410428
Period of Report: 2012-03-13

Reporting Person: Perlman Andrew D (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-13	Stock Options	$1.65	A	450000	Acquired	2018-03-13	Common Stock (450000)	Direct

Footnotes

F1: Options will become exercisable in twelve equal quarterly increments (i.e., 8.33% per quarter), commencing on June 13, 2012.