PENNY ROBERT C III 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 2, 2012
Insider Transaction Report
Form 4
PENNY ROBERT C III
Director10% Owner
Transactions
- Award
Class A Common Stock
2012-04-01+10,000→ 50,000 total
Holdings
- 4,832,131(indirect: By Trust)
Class B Common Stock
Footnotes (3)
- [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]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.
- [F3]Includes 3,846,492 shares of Class B Common Stock that are held pursuant to a Voting Trust Agreement dated February 23, 1994, as amended (the "Voting Trust"), among Robert C. Penny III and Robert W. Foskett, as co-trustees, and certain members of the Penny family. Also includes 985,639 shares of Class B Common Stock held in trusts for which the Reporting Person's children are beneficiaries.