SIMON MELVIN J 4
4 · WESTELL TECHNOLOGIES INC · Filed Oct 28, 2010
Insider Transaction Report
Form 4
SIMON MELVIN J
Director10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2010-08-10$1.57/sh+10,000$15,700→ 20,000 total - Exercise/Conversion
Employee Stock Option
2010-08-10$1.57/sh−10,000$15,700→ 0 totalExercise: $1.57→ Class A Common Stock (10,000 underlying) - Sale
Class A Common Stock
2010-08-10$2.20/sh−10,000$22,000→ 10,000 total
Holdings
- 137,804(indirect: By Trust)
Class B Common Stock
Footnotes (4)
- [F1]Holders of Class B Common Stock have four votes per share and holders of Class A Common Stock have one vote per share. Class B Common Stock is transferable only to certain transferees and is convertible into Class A Common Stock on a share-for-share basis.
- [F2]The Shares of Class B Common Stock listed are held pursuant to a Voting Trust Agreement dated February 23, 1994, as amended ( the "Voting Trust"), among Robert C. Penny and Melvin J. Simon, as trustees, and certain members of the Penny family and the Simon family. The Voting Trust contains 137,804 shares of Class B Common Stock held for the benefit of Mr. Simon.
- [F3]This option was granted on 4/1/2002 and vested in equal annual installments over 5 years from the date of grant.
- [F4]The original option life was 10 years, but pursuant to the 2004 Stock Incentive Plan Mr. Simon has one year to exercise from his retirement date of 9/17/2009.