granting of Options FYI, Mr Chevalier is the new COO. ___________________________________________________________________________ November 01, 2011 13:01 ETVendTek Systems Announces Granting of Options to OfficerVANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - ______________________________________________________________________________________________________VendTek Systems Inc. (TSX VENTURE:VSI) (the "Company"), a developer and licensor of software for the global prepaid and financial services markets, today announced that it has issued options to one of its officers pursuant to the Company's Incentive Stock Option Plan, subject to approval of the TSX Venture Exchange.___________________________________________________________________________________________________________________________________________________________200,000 options were granted to Francois Chevalier, Chief Operating Officer. Each option permits the holder to acquire a common share of the Company for
.43. The options vest in equal parts over 18 months, with the first 1/7 vesting immediately upon grant, and 1/7 vesting on each of the subsequent three month anniversaries of the date of grant. The options expire five years from the date of grant.