SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HUNT T KENDALL

(Last) (First) (Middle)
1901 SOUTH MEYERS ROAD, SUITE 210

(Street)
OAKBROOK TERRACE IL 60181

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VASCO DATA SECURITY INTERNATIONAL INC [ VDSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/28/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value 343,680 I By the TKH Trust
Common Stock, $0.001 par value 100,000 I By the Barbara J. Hunt Marital Trust
Common Stock, $0.001 par value 511,300 I By the estate of Barbara J. Hunt
Common Stock, $0.001 par value 1,000 I Stepdaughter (1)
Common Stock, $0.001 par value 11/28/2012 S 200 D $7.35 8,062,387 D
Common Stock, $0.001 par value 11/28/2012 S 600 D $7.36 8,061,787 D
Common Stock, $0.001 par value 11/28/2012 S 100 D $7.37 8,061,687 D
Common Stock, $0.001 par value 11/28/2012 S 400 D $7.38 8,061,287 D
Common Stock, $0.001 par value 11/28/2012 S 806 D $7.39 8,060,481 D
Common Stock, $0.001 par value 11/28/2012 S 1,963 D $7.4 8,058,518 D
Common Stock, $0.001 par value 11/28/2012 S 1,321 D $7.41 8,057,197 D
Common Stock, $0.001 par value 11/28/2012 S 1,110 D $7.42 8,056,087 D
Common Stock, $0.001 par value 11/28/2012 S 700 D $7.43 8,055,387 D
Common Stock, $0.001 par value 11/28/2012 S 200 D $7.44 8,055,187 D
Common Stock, $0.001 par value 11/28/2012 S 100 D $7.45 8,055,087 D
Common Stock, $0.001 par value 11/28/2012 S 600 D $7.46 8,054,487 D
Common Stock, $0.001 par value 11/28/2012 S 200 D $7.47 8,054,287 D
Common Stock, $0.001 par value 11/28/2012 S 100 D $7.49 8,054,187 D
Common Stock, $0.001 par value 11/28/2012 S 200 D $7.5 8,053,987 D
Common Stock, $0.001 par value 11/28/2012 S 200 D $7.51 8,053,787 D
Common Stock, $0.001 par value 11/28/2012 S 800 D $7.52 8,052,987 D
Common Stock, $0.001 par value 11/28/2012 S 294 D $7.53 8,052,693 D
Common Stock, $0.001 par value 11/28/2012 S 106 D $7.54 8,052,587 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase Common Stock, $0.001 par value $2.53 01/08/2007 01/08/2014 Common Stock, $0.001 par value 125,000 125,000 D
Explanation of Responses:
1. These shares held by the reporting person's stepdaughter who shares the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his stepdaughter and this report should not be deemed as admission that the reporting person is the beneficial owner of his stepdaughter's shares for purposes of Section 16 or for any other purpose.
/s/ Clifford K. Bown, Attorney-in-Fact 11/30/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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