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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DYBALL CHRISTOPHER J 		2. Issuer Name and Ticker or Trading Symbol

LASERCARD CORP [ LCRD ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Operating Officer
(Last)          (First)          (Middle)

C/O LASERCARD CORPORATION, 1875 NORTH SHORELINE BOULEVARD 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/24/2011
(Street)

MOUNTAIN VIEW, CA 94043
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   1/24/2011     D    30383   D $6.25   (1) 23753   (2) (3) (4) D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock Options (Right to buy)   $13.125                    9/21/2002   9/21/2011   Common Stock   30000     30000   D  
 
Stock Options (Right to buy)   $17.675                    6/6/2003   6/6/2012   Common Stock   50000     50000   D  
 
Stock Options (Right to buy)   $6.045                    5/24/2006   5/24/2015   Common Stock   48752     48752   D  
 
Stock Options (Right to buy)   $16.785                    5/25/2007   5/24/2013   Common Stock   37500     37500   D  
 
Stock Options (Right to buy)   $12.06                    9/22/2007   9/22/2013   Common Stock   12500     12500   D  
 
Stock Options (Right to buy)   $10.40                    9/21/2008   (5) 9/21/2014   Common Stock   30000     30000   D  
 
Stock Options (Right to buy)   $4.84                    4/5/2011   (5) 9/22/2018   Common Stock   100000     100000   D  
 

Explanation of Responses:
( 1)  Disposed of pursuant to merger agreement between LaserCard Corporation and American Alligator Acquisition Corporation, a wholly owned merger sub of Assa Abloy, Inc., in exchange for the right to receive $6.25 per share.
( 2)  1,875 of these shares are restricted stock awards will vest on September 21, 2011.
( 3)  6,628 of these shares are restricted stock awards that vest in cumulative increments of one-third (1/3) each at the end of 24 months, 36 months, and 48 months from September 22, 2009.
( 4)  15,250 of these shares are restricted stock awards that vest in cumulative increments of one-fourth (1/4) each at the end of 12 months, 24 months, 36 months, and 48 months from September 13, 2010.
( 5)  Twenty-five (25) percent of this option may be exercised on Date Exercisable as indicated and then 6.25% will vest quarterly thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DYBALL CHRISTOPHER J
C/O LASERCARD CORPORATION
1875 NORTH SHORELINE BOULEVARD
MOUNTAIN VIEW, CA 94043

Chief Operating Officer

Signatures
/s/Steven G. Larson as attorney-in-fact for Christopher J. Dyball 1/25/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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