Open VLC. You'll need to enable the Advanced controls in View menu then Advanced Controls to see the record button.
Open VLC and in the top left hand menu named Media click on it then Stream.
In the box that opens click on the Networktab.
Then in the Stream output box that opens just click on Next.
In the Destination Setup box I just left it on File and checked Display locally. Then click on Next
In the transcoding Options box I left Activate Transcoding and selected the profile of Video - h.264 + MP3 (mP4) and then Next
In the next box Option Setup I just clicked on Stream.
The video should start playing just press the record button. Let it finish. The videos should automatically go into your sytems Video folder.