XWELL, Inc. — Director's Dealing 2016

Apr 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vringo Inc (VRNG)
CIK: 0001410428
Period of Report: 2016-04-04

Reporting Person: Bernstein Bruce (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-04	Stock Option	$1.55	A	60000	Acquired	2026-04-04	Common Stock (60000)	Direct

Footnotes

F1: These securities were issued as part of the Issuer's annual equity compensation to non-employee directors. Options to purchase 50,000 shares of common stock were issued in consideration for the Reporting Person's service on the Issuer's Board of Directors. Options to purchase 10,000 shares of common stock were issued in consideration for the Reporting Person's service as Chairman of the Issuer's Compensation Committee of the Board of Directors.

F2: These options to purchase shares of common stock of the Issuer vest in equal quarterly installments over a one-year period, with one-fourth vesting on the date of grant and one-fourth vesting at the end of each fiscal quarter thereafter.