4//SEC Filing
REEDY TIMOTHY J 4
Accession 0001403609-10-000010
CIK 0001002135other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 9:49 AM ET
Size
13.5 KB
Accession
0001403609-10-000010
Insider Transaction Report
Form 4
REEDY TIMOTHY J
CEO of Conference Plus, Inc.
Transactions
- Award
Class A Common Stock
2010-04-13+60,000→ 130,000 total - Award
Performance-based Restricted Stock Units
2010-04-13+60,000→ 60,000 total→ Class A Common Stock (60,000 underlying)
Footnotes (3)
- [F1]On April 13, 2010, the Compensation Committee approved an award of restricted stock units pursuant to the 2004 Stock Incentive Plan. The restricted stock units vest 25% annually beginning on April 1, 2011 and for each of the following three years concluding on April 1, 2014. The restricted stock units convert on a 1-for-1 basis into Class A Common Stock.
- [F2]This award is subject to approval by stockholders at the next Annual Meeting of Stockholders.
- [F3]On April 13, 2010, the Compensation Committee approved a performance-based award of restricted stock units pursuant to the 2004 Stock Incentive Plan. The reported amount is the target award (which assuming performance at the target level would convert on a 1-for-1 basis into Class A Common Stock). The actual shares of Class A Common Stock earned can vary from 0% to 140% of the target award based on fiscal year 2011 performance. The Class A Common Stock award is also subject to further time-based vesting restrictions with 25% of the actual shares earned vesting upon determination of fiscal year 2011 financial performance with the remaining 75% vesting in equal installments annually beginning on April 1, 2012 and for each of the following two years concluding on April 1, 2014.
Issuer
WESTELL TECHNOLOGIES INC
CIK 0001002135
Entity typeother
Related Parties
1- filerCIK 0001264902
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 9:49 AM ET
- Size
- 13.5 KB