WESTELL TECHNOLOGIES INC 4
4 · WESTELL TECHNOLOGIES INC · Filed Feb 12, 2015
Insider Transaction Report
Form 4
GRUENWALD JOHN THOMAS
Director
Transactions
- Award
Class A Common Stock
2015-02-10+250,000→ 280,000 total - Award
Employee NQ Stock Option
2015-02-10+250,000→ 250,000 totalExercise: $1.48Exp: 2020-02-10→ Class A Common Stock (250,000 underlying)
Footnotes (2)
- [F1]On February 10, 2015, Mr. Gruenwald received an award of restricted stock units (RSUs) pursuant to the 2004 Stock Incentive Plan. The restricted stock units vest 25% annually beginning on February 10, 2016, and for each of the following three years concluding on February 10, 2019. Upon vesting, the RSUs convert into shares of Class A Common Stock of the Company on a one-for-one basis.
- [F2]The Compensation Committee approved an award of non-qualified stock options pursuant to the 2004 Stock Incentive Plan. The options vest 25% annually beginning February 10, 2016 and for each of the following three years concluding on February 10, 2019.