Insider Trades - BOWN CLIFFORD K

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BOWN CLIFFORD K: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
VASCO Data Security Internation Officer NasdaqCM:VDSI (historical quotes, profile, SEC, other insiders)	8-Mar-13	308,424	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
8-Mar-13 45,254 VDSI Acquisition (Non Open Market) at $0 per share.
8-Mar-13 23,416 VDSI Disposition (Non Open Market) at $8.72 per share.
(Value of $204,187)
7-Jan-13 20,500 VDSI Acquisition (Non Open Market) at $0 per share.
4-Dec-12 67,000 VDSI Option Exercise at $0.72 - $2.53 per share.
9-Mar-12 47,919 VDSI Acquisition (Non Open Market) at $0 per share.
10-Jan-12 50,000 VDSI Option Exercise at $6.38 per share.
(Cost of $319,000)
10-Jan-12 44,347 VDSI Disposition (Non Open Market) at $7.74 per share.
(Value of $343,245)
9-Jan-12 23,480 VDSI Acquisition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
8-Mar-13	45,254	VDSI	Acquisition (Non Open Market) at $0 per share.
8-Mar-13	23,416	VDSI	Disposition (Non Open Market) at $8.72 per share. (Value of $204,187)
7-Jan-13	20,500	VDSI	Acquisition (Non Open Market) at $0 per share.
4-Dec-12	67,000	VDSI	Option Exercise at $0.72 - $2.53 per share.
9-Mar-12	47,919	VDSI	Acquisition (Non Open Market) at $0 per share.
10-Jan-12	50,000	VDSI	Option Exercise at $6.38 per share. (Cost of $319,000)
10-Jan-12	44,347	VDSI	Disposition (Non Open Market) at $7.74 per share. (Value of $343,245)
9-Jan-12	23,480	VDSI	Acquisition (Non Open Market) at $0 per share.