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: Engelman John (Director)

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	225000	—	Acquired	268614	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-26	Option	$3.72	A	50000	Acquired	2022-07-26	Common Stock (50000)	Direct
2012-07-26	Option	$3.72	A	75000	Acquired	2022-07-26	Common Stock (75000)	Direct

Footnotes

F1: These shares of common stock are represented by restricted stock units which vest over a three-year period, with 1/6 of the restricted stock units vesting on January 26, 2013 and 1/12 of the restricted stock units vesting ratably on a quarterly basis thereafter.

F2: These securities were issued as part of the Issuer's annual equity compensation to non-employee directors.

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.

F4: These securities were issued for Mr. Engelman's past service as a board member.