<!--HTML document created with Toppan Merrill Bridge  9.4.0.81-->
<!--Created on: 11/4/2019 3:23:19 PM-->
<html>
	<head>
		<title>
			ospn_Current Folio_8K
		</title>
	</head>
	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;border-top:3pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;line-height:1pt;text-indent:0pt;text-align:center;font-family:Calibri;font-size: 1pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;line-height:1pt;text-indent:0pt;text-align:center;font-family:Calibri;font-size: 1pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 8pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 18pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:18pt;">UNITED STATES</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 18pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">WASHINGTON, D.C. 20549</font>
		</p>
		<div><hr style="border-width:0;width:25%;height:.6pt;color:black;background-color:black;" align="center"></div>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 18pt;">
			<a name="_Hlk507117550"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:18pt;">FORM 8-K</font>
		</p>
		<div><hr style="border-width:0;width:25%;height:.6pt;color:black;background-color:black;" align="center"></div>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">CURRENT REPORT</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">PURSUANT TO SECTION&nbsp;13 OR 15(d)&nbsp;OF</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">THE SECURITIES EXCHANGE ACT OF 1934</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">Date of Report (Date of earliest event reported): October 30, 2019</font>
		</p>
		<div><hr style="border-width:0;width:25%;height:.6pt;color:black;background-color:black;" align="center"></div>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 18pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:18pt;">OneSpan Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in charter)</font>
		</p>
		<div><hr style="border-width:0;width:25%;height:.6pt;color:black;background-color:black;" align="center"></div>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;line-height:100%;margin-bottom:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;">
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:30.66%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:105.83%;text-align:center;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.06%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:31.38%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.06%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:33.84%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:30.66%;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">Delaware</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.06%;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:31.38%;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">000&#8209;24389</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:02.06%;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:33.84%;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">36&#8209;4169320</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:30.66%;height:23.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">(State or other jurisdiction<br>of incorporation)</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:02.06%;height:23.50pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:31.38%;height:23.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">(Commission<br>File Number)</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:02.06%;height:23.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:33.84%;height:23.50pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 9pt;">
						<font style="display:inline;font-weight:bold;font-size:9pt;">(IRS Employer<br>Identification No.)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:105.83%;font-family:Calibri;font-size: 6pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">121 West Wacker Drive, Suite 2050</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">Chicago, Illinois 60601</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">(Address of principal executive offices) (Zip Code)</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (312) 766-4001</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">N/A</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">(Former name or former address, if changed since last report)</font>
		</p>
		<div><hr style="border-width:0;width:25%;height:.6pt;color:black;background-color:black;" align="center"></div>
		<p style="margin:0pt 0pt 6pt;line-height:105.83%;text-align:center;color:#444444;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#444444;font-size:9pt;">Securities registered pursuant to Section 12(b) of the Act:</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.08%;line-height:100%;margin-bottom:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;">
			<tr>
				<td valign="top" style="width:124.35pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;color:#444444;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:125.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:125.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:124.35pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:8.15pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-weight:bold;font-size:6pt;">Title of each class</font></p>
				</td>
				<td valign="top" style="width:125.00pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:8.15pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-weight:bold;font-size:6pt;">Trading Symbol(s)</font></p>
				</td>
				<td valign="top" style="width:125.05pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:8.15pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-weight:bold;font-size:6pt;">Name of each exchange on which registered</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:124.35pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:6.35pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-size:6pt;">Common Shares</font></p>
				</td>
				<td valign="top" style="width:125.00pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:6.35pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-size:6pt;">OSPN</font></p>
				</td>
				<td valign="top" style="width:125.05pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:6.35pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Calibri;font-size: 6pt;">
						<font style="display:inline;font-size:6pt;">NASDAQ</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:6pt 0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Check the appropriate box below if the Form&nbsp;8&#8209;K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a&#8209;12 under the Exchange Act (17 CFR 240.14a&#8209;12)</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d&#8209;2(b)&nbsp;under the Exchange Act (17 CFR&nbsp;&nbsp;&nbsp;&nbsp;240.14d&#8209;2(b))</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e&#8209;4(c)&nbsp;under the Exchange Act (17 CFR 240.13e&#8209;4(c))</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Emerging growth company&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:10pt;">&nbsp;&nbsp;</font><font style="display:inline;color:#000000;font-size:10pt;">&#x25FB;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;</font><font style="display:inline;color:#000000;font-size:10pt;">&#x25FB;<br></font>
		</p>
		<p style="margin:0pt;border-top:1pt solid #000000 ;border-bottom:3pt solid #000000 ;line-height:1pt;text-indent:0pt;font-family:Calibri;font-size: 1pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:10pt;">Item 8.01 Other Events<br></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Earlier this year during an open trading window for OneSpan, Inc. (&#x201C;Company&#x201D;), T. Kendall Hunt, Director and Founder of the Company, adopted a stock trading plan (the &#x201C;10b5-1 Plan&#x201D;). The 10b5-1 Plan was adopted in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company&#x2019;s insider trading policies.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders may gradually diversify their investment portfolios and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting their plans. In accordance with Rule 10b5-1, Mr. Hunt has no discretion over the sales of his shares of common stock under the plan.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Under the 10b5-1 Plan, two tranches of shares of the Company&#x2019;s common stock are to be sold into the marketplace, subject to satisfaction of certain conditions including a minimum stock price. The first tranche of shares sold under the 10b5-1 Plan as reported on Mr. Hunt&#x2019;s Form 4 filed today comprise the entirety of such first tranche. The second tranche contains a lesser number of shares and a higher minimum selling price. No shares from the second tranche have been sold to date.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Mr. Hunt currently has an ownership interest, direct and indirect, of over six million shares of the Company&#x2019;s stock and therefore the shares subject to the 10b5-1 Plan represent less than ten percent of his holdings. Mr. Hunt has informed the Company that he established this plan for the purposes of diversification and liquidity given his retirement from the Company, his age and his concentration in Company stock. The 10b5-1 Plan will terminate no later than February 2020.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Any transactions under the 10b5-1 Plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission when due. The Company does not undertake to report 10b5-1 trading plans by other officers or directors of the Company in the future, or to report modifications or terminations of any such plans, whether or not the plan was publicly announced, except as may be required by law.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;line-height:107.92%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Calibri Light;font-weight:bold;line-height:100%;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">SIGNATURE</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="bottom" style="width:47.28%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:47.28%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Date: November 4, 2019</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">OneSpan Inc.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:47.28%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:47.28%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">/s/ Mark S. Hoyt</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:47.28%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Mark S. Hoyt</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:47.28%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:52.72%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Chief Financial Officer</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:avoid;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div>
	</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "f8-k.htm", "description": "8-K", "secsgml_size_bytes": 30984}]
{"company-data": {"conformed-name": "OneSpan Inc.", "cik": "0001044777", "assigned-sic": "7373", "irs-number": "364169320", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24389", "film-number": "191190787"}, "business-address": {"street1": "121 W WACKER DR.", "street2": "STE 2050", "city": "CHICAGO", "state": "IL", "zip": "60601", "phone": "3127664001"}, "mail-address": {"street1": "121 W WACKER DR.", "street2": "STE 2050", "city": "CHICAGO", "state": "IL", "zip": "60601"}, "former-company": [{"former-conformed-name": "One Span Inc.", "date-changed": "20180706"}, {"former-conformed-name": "VASCO DATA SECURITY INTERNATIONAL INC", "date-changed": "19970821"}]}
ospn_Current Folio_8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 30, 2019
OneSpan Inc.
(Exact name of registrant as specified in charter)
Delaware
000‑24389
36‑4169320
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
121 West Wacker Drive, Suite 2050
Chicago, Illinois 60601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 766-4001
N/A
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Shares
OSPN
NASDAQ
Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]            Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
[ ]            Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR    240.14d‑2(b))
[ ]            Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
◻
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
◻
Item 8.01 Other Events
Earlier this year during an open trading window for OneSpan, Inc. ("Company"), T. Kendall Hunt, Director and Founder of the Company, adopted a stock trading plan (the "10b5-1 Plan"). The 10b5-1 Plan was adopted in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policies.
Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders may gradually diversify their investment portfolios and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting their plans. In accordance with Rule 10b5-1, Mr. Hunt has no discretion over the sales of his shares of common stock under the plan.
Under the 10b5-1 Plan, two tranches of shares of the Company's common stock are to be sold into the marketplace, subject to satisfaction of certain conditions including a minimum stock price. The first tranche of shares sold under the 10b5-1 Plan as reported on Mr. Hunt's Form 4 filed today comprise the entirety of such first tranche. The second tranche contains a lesser number of shares and a higher minimum selling price. No shares from the second tranche have been sold to date.
Mr. Hunt currently has an ownership interest, direct and indirect, of over six million shares of the Company's stock and therefore the shares subject to the 10b5-1 Plan represent less than ten percent of his holdings. Mr. Hunt has informed the Company that he established this plan for the purposes of diversification and liquidity given his retirement from the Company, his age and his concentration in Company stock. The 10b5-1 Plan will terminate no later than February 2020.
Any transactions under the 10b5-1 Plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission when due. The Company does not undertake to report 10b5-1 trading plans by other officers or directors of the Company in the future, or to report modifications or terminations of any such plans, whether or not the plan was publicly announced, except as may be required by law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 4, 2019
OneSpan Inc.
/s/ Mark S. Hoyt
Mark S. Hoyt
Chief Financial Officer