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* JAMES E CRABBE REVOCABLE TRUST (Last) (First) (Middle) 6830 SPENCER STREET (Street) LAS VEGAS NV 89119 (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 X 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		205,875	A	$2.25	0(10)	I	See Note(1)
Common Stock								2,995,732	I	See Note(2)
Common Stock								4,574,066	D	See Note(2)

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
9.5% CONVERTIBLE NOTE(3)	$13							09/01/1999	(3)	Common Stock	57,693		57,693	I	See Note(3)
9.5% CONVERTIBLE NOTE(4)	$13							09/23/1999	(4)	Common Stock	30,770		30,770	I	See Note(4)
OPTION/RIGHT TO BUY(5)	$13							01/15/2001	(5)	Common Stock	200		200	D
OPTION/RIGHT TO BUY(6)	$13							07/02/2001	(6)	Common Stock	200		200	D
OPTION/RIGHT TO BUY(7)	$1.75							07/02/2001	(7)	Common Stock	200		200	D
OPTION/RIGHT TO BUY(8)	$2.5							03/10/2004	09/09/2008	Common Stock	50,000		50,000	D
CONVERTIBLE NOTE	$2.25	12/18/2003		C			205,875	12/18/2003	(9)	Common Stock	205,875	$0(10)	0	I	See Note(9)

Explanation of Responses:

1. On December 18, 2003, and pursuant to a November 19, 2003 Agreement to Convert by and between the Phileo Foundation, a charitable foundation of which Mr. Crabbe is a trustee and president ("Phileo"), and VendingData Corporation (the "Company"), Phileo converted its convertible note dated December 18, 2003, in the amount of $463,218.75 (the "December Note"), which cancelled and replaced two, short-term loans in the aggregate principal amount of $400,000, plus interest accrued through December 12, 2003, into 205,875 shares of the Company's common stock ("Common Stock").

2. Nature of beneficial ownership: James E. Crabbe, Individually = 4,574,066 shares; James E. Crabbe, as Trustee of the Trust = 2,460,407; Phileo = 205,875; Holder of voting power for: Richard S. Huson GST Exempt Trust U/T/A dated 9/4/98 = 19,424 shares; Richard S. Huson Marital Trust U/T/A dated 9/4/98 = 309,068 shares; Yvonne M. Huson, Individually = 958 shares; TOTAL = 7,569,798 shares.

3. As previously reported, on February 19, 1999, the Trust entered into a Subscription Agreement (the "February Subscription") pursuant to which the Company issued a 9.5% Convertible Note (the "February Note"). The Trust has the ability to convert the February Note at its option until the February Note is paid in full.

4. As previously reported, on March 23, 1999, the Trust entered into a Subscription Agreement (the "March Subscription") pursuant to which the Company issued a 9.5% Convertible Note (the "March Note"). The Trust has the ability to convert the March Note at its option until the March Note is paid in full.

5. As previously reported, on July 14, 2000, the Company granted Mr. Crabbe an option pursuant to its 1999 Directors' Stock Option Plan (the "Plan") to purchase shares of the Company's Common Stock. The option is fully vested and exercisable and expires on the later of July 14, 2010 or three months after Mr. Crabbe ceases to serve as a director of the Company.

6. As previously reported, on January 1, 2001, the Company granted Mr. Crabbe 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. Crabbe ceases to serve as a director of the Company.

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

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

9. Pursuant to a November 19, 2003 Agreement to Convert, Phileo was required to convert the December 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 S-2, as amended.

10. No such amount 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 filing system.

Remarks:

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