Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SMITH BOB L
  2. Issuer Name and Ticker or Trading Symbol
VENDINGDATA CORP [VNX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
6830 SPENCER STREET
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2006
(Street)

LAS VEGAS, NV 89119
4. If Amendment, Date 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
(City)
(State)
(Zip)
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               299,950 I See Note (1) (1)
Common Stock               164,012 D  

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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 Underlying Securities
(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 of Derivative Security: 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 (2) $ 4.3               (3)   (2) Common Stock 11,000   11,000 D  
OPTION/RIGHT TO BUY (4) $ 13             01/15/2001   (4)(5) Common Stock 400   400 D  
OPTION/RIGHT TO BUY (6) $ 13             01/15/2001   (5)(6) Common Stock 200   200 D  
OPTION/RIGHT TO BUY (7) $ 13             07/02/2001   (5)(7) Common Stock 200   200 D  
OPTION/RIGHT TO BUY (8) $ 1.75             07/02/2002   (5)(8) Common Stock 200   200 D  
OPTION/RIGHT TO BUY (9) $ 2.5             03/10/2004   (5)(9) Common Stock 50,000   50,000 D  
OPTION/RIGHT TO BUY (10) $ 1.83             08/18/2005   (10) Common Stock 10,000   10,000 D  
OPTION/RIGHT TO BUY (11) $ 1.83             08/18/2005   (11) Common Stock 10,000   10,000 D  
OPTION/RIGHT TO BUY (12) $ 3.03 01/31/2006   A     10,000 07/31/2006   (12) Common Stock 10,000 $ 0 10,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SMITH BOB L
6830 SPENCER STREET
LAS VEGAS, NV 89119
  X      

Signatures

 /s/ Bob L. Smith   02/01/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Nature of beneficial ownership: Bob L. Smith = 164,012; I.C.D., Inc. ("I.C.D.") = 67,288; VIP's Industries, Inc. ("VIP's") = 232,662: TOTAL: 463,962
(2) As previously reported, on January 4, 1999 Mr. Smith purchased from Richard Huson these options to purchase shares of common stock ("Common Stock") of VendingData Corporation (the "Company").
(3) 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.
(4) As previously reported, on September 13, 1999 the Company granted Mr. Smith options pursuant to its 1999 Directors' Stock Option Plan (the "Plan") to purchase shares of Common Stock. The options are fully vested and exercisable. They expire on the later of March 13, 2010 or three months after Mr. Smith ceases to serve as a director of the Company (the original expiration date of September 13, 2009 was extended by six months pursuant to the Promotional Shares Lock-In Agreement reflected in footnote no. 5).
(5) As previously reported, on December 9, 2003 Mr. Smith entered into a Promotional Shares Lock-In Agreement (the "Agreement"), which restricted his ability to transfer or dispose of these options. As consideration for the Agreement, the Company's Board of Directors determined that the expiration date of all options entered into the Agreement would be extended by one month for each month that these options were subject to the Agreement. The Agreement was in effect for six months; therefore the expiration date of these options was extended by six months.
(6) As previously reported, on January 1, 2000 the Company granted Mr. Smith options pursuant to the Plan to purchase shares of Common Stock. The options are fully vested and exercisable. They expire on the later of July 1, 2010 or three months after Mr. Smith ceases to serve as a director of the Company (the original expiration date of January 1, 2010 was extended six months pursuant to the Promotional Shares Lock-In Agreement reflected in footnote no. 5).
(7) As previously reported, on January 1, 2001 the Company granted Mr. Smith options pursuant to the Plan to purchase shares of Common Stock. The options are fully vested and exercisable. They expire on the later of July 1, 2011 or three months after Mr. Smith ceases to serve as a director of the Company (the original expiration date of January 1, 2011 was extended by six months pursuant to the Promotional Shares Lock-In Agreement reflected in footnote no. 5).
(8) As previously reported, on January 1, 2002 the Company granted to Mr. Smith options pursuant to the Plan to purchase shares of Common Stock. The options are fully vested and exercisable. They expire on the later of July 1, 2012 or three months after Mr. Smith ceases to serve as a director of the Company (the original expiration date of January 1, 2012 was extended by six months pursuant to the Promotional Shares Lock-In Agreement reflected in footnote no. 5).
(9) As previously reported, on September 9, 2003 the Company, pursuant to the Plan, granted to Mr. Smith options to purchase shares of Common Stock. The options expire on March 9, 2009 (the original expiration date of September 9, 2008 was extended by six months pursuant to the Promotional Shares Lock-In Agreement reflected in footnote no. 5).
(10) As previously reported, on February 16, 2005 the Company, pursuant to the Plan, granted to Mr. Smith options to purchase shares of Common Stock. The options expire the later of February 16, 2014 or three months after Mr. Smith ceases to serve as a director of the Company.
(11) As previously reported, on February 16, 2005 the Company, pursuant to the Plan, granted to Mr. Smith options to purchase shares of Common Stock. The options expire the later of February 16, 2015 or three months after Mr. Smith ceases to serve as a director of the Company.
(12) On January 31, 2006, the Company, pursuant to the Plan, granted to Mr. Smith options to purchase shares of Common Stock in consideration for his services as a member of the Company's Board of Directors in calendar year 2005. The options expire the later of January 31, 2016 or three months after Mr. Smith ceases to serve as a director of the Company.

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