Duitsman Timothy L 4
4 · WESTELL TECHNOLOGIES INC · Filed Sep 3, 2019
Insider Transaction Report
Form 4
Duitsman Timothy L
Director
Transactions
- Award
Class A Common Stock
2019-09-01+100,000→ 102,500 total - Award
Employee NQ Stock Option
2019-09-01+150,000→ 150,000 totalExercise: $1.35Exp: 2026-09-01→ Class A Common Stock (150,000 underlying)
Footnotes (2)
- [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 September 1, 2020 and for each of the following two years concluding on September 1, 2022. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.
- [F2]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 September 1, 2020 and for each of the following two years concluding on September 1, 2022.