XWELL, Inc. — Director's Dealing 2013

Feb 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vringo Inc (VRNG)
CIK: 0001410428
Period of Report: 2013-02-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-11	Common Stock, $0.01 par value per share	A	31250	—	Acquired	2778837	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-11	Option	$3.18	A	83333	Acquired	2023-02-11	Common Stock (83333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	2931752	Indirect

Footnotes

F1: One-twelfth (1/12) of the number of restricted stock units granted shall vest at the end of each calendar quarter over three (3) years, however the first and second tranches (for the first and second quarters of 2013) shall both vest on the last day of the second (2nd) quarter of 2013.

F2: Includes 140,625 shares of common stock that are represented by unvested restricted stock units.

F3: 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. Mr. Lang does not have power to vote or direct the vote over the securities held by Innovation Spring.

F4: One-twelfth (1/12) of the number of options granted shall vest on the last day of each calendar quarter over three (3) years, with the first tranche of options vesting at the end of the first quarter of 2013.