VASCO DATA SECURITY

CUSIP: 92230y104 Class: COM

Orca Investment Management, LLC's Holding History (CIK: 0001511229)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016
Shares 158,133 Value ($000) $2,159 Avg Close — Range —
Q3 2016
Shares 328,558 Value ($000) $5,786 Avg Close — Range —
Q2 2016
Shares 290,938 Value ($000) $4,768 Avg Close — Range —
Q1 2016
Shares 295,866 Value ($000) $4,556 Avg Close — Range —
Q4 2015
Shares 182,240 Value ($000) $3,049 Avg Close — Range —
Q3 2015
Shares 134,686 Value ($000) $2,295 Avg Close — Range —
Q2 2015
Shares 139,313 Value ($000) $4,206 Avg Close — Range —
Q1 2015
Shares 153,155 Value ($000) $3,299 Avg Close — Range —
Q4 2014
Shares 106,304 Value ($000) $2,999 Avg Close — Range —