X0202 4 2006-12-12 0 0000943742 VCAMPUS CORP VCMP 0001369821 Hadjinicolaou Stavros 1850 CENTENNIAL PARK DRIVE RESTON VA 20191 0 1 0 0 VP of Finance/Controller Stock Option (Right to Buy) 0.30 2006-12-12 4 A 0 50000 0 A 2016-12-12 Common Stock 50000 50000 D Stock Option (Right to Buy) 0.98 2015-06-21 Common Stock 80000 80000 D Stock Option (Right to Buy) 2.0 2014-06-15 Common Stock 65000 65000 D Stock Option (Right to Buy) 1.4 2013-12-15 Common Stock 6000 6000 D Stock Option (Right to Buy) 2.71 2013-06-16 Common Stock 2000 2000 D Stock Option (Right to Buy) 3.72 2013-01-21 Common Stock 15000 15000 D Stock Option (Right to Buy) 2.2 2012-09-16 Common Stock 1000 1000 D Stock Option (Right to Buy) 2.7 2011-12-18 Common Stock 1000 1000 D Stock Option (Right to Buy) 4.7 2011-11-12 Common Stock 500 500 D Stock Option (Right to Buy) 12.5 2010-12-04 Common Stock 425 425 D Stock Option (Right to Buy) 73.75 2010-08-10 Common Stock 1000 1000 D Stock Option (Right to Buy) 83.75 2010-05-03 Common Stock 1000 1000 D Stock Option (Right to Buy) 146.9 2010-03-08 Common Stock 1001 1001 D Stock Option (Right to Buy) 37.5 2009-09-08 Common Stock 2000 2000 D Stock Option (Right to Buy) 37.5 2009-09-08 Common Stock 200 200 D Stock Option (Right to Buy) 70 2008-12-08 Common Stock 200 200 D Stock Option (Right to Buy) 46.3 2008-09-15 Common Stock 1000 1000 D Stock Option (Right to Buy) 96.25 2008-05-25 Common Stock 500 500 D Stock Option (Right to Buy) 176.2 2007-09-02 Common Stock 250 250 D Stock Option (Right to Buy) 142.5 2007-02-19 Common Stock 250 250 D The shares subject to this option vest 25% on the first anniversary of the date of grant (10 years prior to the expiration date) and in equal quarterly installments thereafter for three years. These options are fully vested. Shares subject to this option vest 20% upon the date of grant (10 years prior to the expiration date), 20% on the first anniversary of the date of grant, and in equal quarterly installments thereafter for three years, subject to acceleration if certain performance objectives are achieved before those dates. /s/ Christopher L. Nelson, Attorney-in-Fact 2006-12-14