PENNY ROBERT C III 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 5, 2010
Insider Transaction Report
Form 4
PENNY ROBERT C III
Director10% Owner
Transactions
- Award
Class A Common Stock
2010-04-01+10,000→ 30,000 total
Holdings
- 5,148,550(indirect: By Trust)
Class A Common Stock
Footnotes (2)
- [F1]Grant of restricted stock, with 25% vesting on the first four anniversary dates of the grant, pursuant to the 2004 Stock Incentive Plan.
- [F2]Includes 4,037,899 Class B Common Stock shares held pursuant to a Voting Trust Agreement dated February 23, 1994, as amended, among Robert C. Penny III and Melvin J. Simon, as co-trustees, and certain members of the Penny family and the Simon family ("Voting Trust"). Also includes 125,012 shares of Class A Common Stock and 985,639 shares of Class B Common Stock held in trusts for which the Reporting Person's children are beneficiaries. 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.