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: Perlman Andrew D (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-04	Stock Option	$1.55	A	800000	Acquired	2026-04-04	Common Stock (800000)	Direct

Footnotes

F1: The stock option vests in equal quarterly installments over a three-year period, with the first vesting date on June 30, 2016. The option is subject to certain restrictions on exercise until the Issuer's stockholders have approved (i) an increase in the number of shares of common stock authorized under the Issuer's 2012 Employee, Director and Consultant Equity Incentive Plan (or successor plan) (the "Equity Plan"), and (ii) an increase of the number of stock options that may be issued to any participant under the Equity Plan in any fiscal year. If such stockholder approval is not obtained on or prior to December 31, 2016, the stock option will be cancelled and be of no further effect.