Brady Matthew B 4
4 · WESTELL TECHNOLOGIES INC · Filed Jul 19, 2017
Insider Transaction Report
Form 4
Brady Matthew B
President & CEO
Transactions
- Award
Class A Common Stock
2017-07-17+40,000→ 40,000 total - Award
Employee NQ Stock Option
2017-07-17+100,000→ 100,000 totalExercise: $3.06Exp: 2024-07-17→ Class A Common Stock (100,000 underlying) - Award
Class A Common Stock
2017-07-17+40,000→ 80,000 total
Footnotes (3)
- [F1]The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The RSUs vest 33% annually beginning on July 17, 2018 and for each of the following two years concluding on July 17, 2020. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.
- [F2]The Compensation Committee approved a performance-based award of restricted stock units (PSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The reported amount is the target award (which assumes performance at the target level would convert into shares of Class A Common Stock on a one-for-one basis). The actual number of shares of Class A Common Stock earned can vary from 0% to 100% of the target based upon achievement of certain performance metrics in the second, third, fourth, and combined second through fourth quarters of fiscal year 2018 to pre-established performance goals approved by the Compensation Committee, and are also subject to a one year time-based vesting period, subject to continued employment.
- [F3]The Compensation Committee approved an award of non-qualified stock options pursuant to the 2015 Omnibus Incentive Compensation Plan. The options vest 33% annually beginning on July 17, 2018 and for each of the following two years concluding on July 17, 2020.