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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* SMITH BOB L (Last) (First) (Middle) 280 LIBERTY STREET SE, SUITE 300 (Street) SALEM OR 97301 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol VENDINGDATA CORP [ VNDC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/18/2003
	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(1)	12/18/2003		C		62,288	A	$1.75	0(15)	I	See Note(1)
Common Stock(2)	12/18/2003		C		31,144	A	$1.75	0(15)	I	See Note(2)
Common Stock								292,450	I	See Note(3)
Common Stock								164,012	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/RIGHT TO BUY(4)	$4.3							(5)	(5)	Common Stock	11,000		11,000	D
OPTION/RIGHT TO BUY(6)	$13							01/15/2001	(6)	Common Stock	400		400	D
OPTION/RIGHT TO BUY(7)	$13							01/15/2001	(7)	Common Stock	200		200	D
OPTION/RIGHT TO BUY(8)	$13							07/02/2001	(8)	Common Stock	200		200	D
OPTION/RIGHT TO BUY(9)	$1.75							07/02/2002	(9)	Common Stock	200		200	D
9.5% CONVERTIBLE NOTE	$1.75	12/18/2003		C			57,143	12/12/2003	(10)	Common Stock	57,143	$0(15)	0	I	See Note(10)
WARRANT	$1.75							01/01/2004	12/18/2004	Common Stock	5,000		5,000	I	See Note(11)
9.5% CONVERTIBLE NOTE(11)	$1.75	12/18/2003		C			28,572	12/12/2003	(12)	Common Stock	28,572	$0(15)	0	I	See Note(12)
WARRANT	$1.75							01/01/2004	12/18/2004	Common Stock	2,500		2,500	I	See Note(13)
OPTION/RIGHT TO BUY(14)	$2.5							03/10/2004	09/09/2008	Common Stock	50,000		50,000	D

Explanation of Responses:

1. On December 18, 2003, and pursuant to a November 19, 2003 Agreement to Convert by and between I.C.D., Inc. ("I.C.D."), an entity controlled by Mr. Smith, and VendingData Corporation (the "Company"), I.C.D. converted the principal and unpaid interest of its 9.5% convertible note into 62,288 shares of the Company's common stock ("Common Stock").

2. On December 18, 2003, and pursuant to a November 19, 2003 Agreement to Convert by and between VIP's Industries, Inc. ("VIP's"), an entity controlled by Mr. Smith, and the Company, VIP's converted the principal and unpaid interest of its 9.5% convertible note into 31,144 shares of Common Stock.

3. Nature of beneficial ownership: Bob L. Smith = 164,012; I.C.D. = 62,288; VIP's = 230,162: TOTAL: 456,462.

4. As previously reported, on January 4, 1999, Mr. Smith purchased from Richard Huson these options to purchase shares of Common Stock of the Company.

5. No such date applies. This information is reflected on this Form 4 for the sole purpose of providing data in this field to ensure that this Form 4 will be accepted through the SEC's electronic filing system.

6. As previously reported, on September 13, 1999, the Company granted Mr. Smith an option pursuant to its 1999 Directors' Stock Option Plan (the "Plan") to purchase shares of Common Stock. The option is fully vested and exercisable and expires on the later of September 13, 2009 or three months after Mr. Smith ceases to serve as a director of the Company.

7. As previously reported, on January 1, 2000, the Company granted Mr. Smith an option pursuant to the Plan to purchase shares of Common Stock. The option is fully vested and exercisable and expires on the later of January 1, 2010 or three months after Mr. Smith ceases to serve as a director of the Company.

8. As previously reported, on January 1, 2001, the Company granted Mr. Smith an option pursuant to the Plan to purchase shares of Common Stock. The option is fully vested and exercisable and expires on the later of January 1, 2011 or three months after Mr. Smith ceases to serve as a director of the Company.

9. As previously reported, on January 1, 2002, the Company granted to Mr. Smith an option pursuant to the Plan to purchase shares of Common Stock. The option is fully vested and exercisable and expires on the later of January 1, 2012 or three months after Mr. Smith ceases to serve as a director of the Company.

10. Pursuant to its November 19, 2003 Agreement to Convert, I.C.D. is required to convert this note within ten (10) days of the closing of the Company's minimum offering of 3,000,000 shares through the Company's public offering of its Common Stock pursuant to a Registration Statement on Form SB-2, as amended.

11. As previously reported, this warrant is held by I.C.D.

12. Pursuant to its November 19, 2003 Agreement to Convert, VIP's is required to convert this note within ten (10) days of the closing of the Company's minimum offering of 3,000,000 shares through the Company's public offering of its Common Stock pursuant to a Registration Statement on Form SB-2, as amended.

13. As previously reported, this warrant is held by VIP's.

14. As previously reported, on September 9, 2003, and pursuant to the Plan, the Company granted to Mr. Smith an option to purchase shares of Common Stock. Pursuant to the Plan, the Company granted the option to Mr. Smith in consideration of his services as a member of the Company's Board of Directors.

15. No such amount applies. This information is reflected on this Form 4 for the sole purpose of providing data in this field to insure that this Form 4 will be accepted through the SEC's filing system.

Remarks:

	Stacie L. Brown, Attorney-in- Fact for Bob L. Smith	12/19/2003
	** Signature of Reporting Person	Date
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