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 *
ANDERSON JOSEPH B JR
  2. Issuer Name and Ticker or Trading Symbol
VALASSIS COMMUNICATIONS INC [VCI]
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)
VALASSIS COMMUNICATIONS, INC., 19975 VICTOR PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2014
(Street)

LIVONIA, MI 48152
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 02/04/2014   U   13,282 D $ 34.04 4,542 D  
Common Stock 02/04/2014   D   4,542 D $ 34.04 0 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
Director Stock Option (Right to Buy) $ 17.19 02/04/2014   D     5,000   (1) 04/01/2017 Common Stock 5,000 $ 16.85 0 D  
Director Stock Option (Right to Buy) $ 17.29 02/04/2014   D     1,000   (1) 10/03/2021 Common Stock 1,000 $ 16.75 0 D  
Director Stock Option (Right to Buy) $ 17.42 02/04/2014   D     5,000   (1) 10/01/2019 Common Stock 5,000 $ 16.62 0 D  
Director Stock Option (Right to Buy) $ 17.65 02/04/2014   D     5,000   (1) 10/01/2016 Common Stock 5,000 $ 16.39 0 D  
Director Stock Option (Right to Buy) $ 23.21 02/04/2014   D     1,000   (1) 04/02/2022 Common Stock 1,000 $ 10.83 0 D  
Director Stock Option (Right to Buy) $ 24.71 02/04/2014   D     1,000   (1) 10/01/2022 Common Stock 1,000 $ 9.33 0 D  
Director Stock Option (Right to Buy) $ 28.31 02/04/2014   D     5,000   (1) 04/01/2020 Common Stock 5,000 $ 5.73 0 D  
Director Stock Option (Right to Buy) $ 29.36 02/04/2014   D     1,000   (1) 04/01/2021 Common Stock 1,000 $ 4.68 0 D  
Director Stock Option (Right to Buy) $ 33.3 02/04/2014   D     5,000   (1) 10/01/2020 Common Stock 5,000 $ 0.74 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ANDERSON JOSEPH B JR
VALASSIS COMMUNICATIONS, INC.
19975 VICTOR PARKWAY
LIVONIA, MI 48152
  X      

Signatures

 Linda J. Schalek, Power of Attorney   02/05/2014
**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) Per the terms of the Merger Agreement by and among Valassis Communications, Inc., Harland Clarke Holdings Corp. and V Acquisition Sub, Inc., dated as of December 17, 2013, each stock option that was outstanding and unexercised immediately prior to the Effective Time (as defined in the Merger Agreement), whether or not vested, was cancelled in consideration for the right to receive cash in an amount equal to the product of (i) the total number of shares subject to each such option immediately prior to the Effective Time and (ii) the excess, if any, of (x) $34.04 over (y) the exercise price per share subject to such stock option.

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