Foskett Robert W 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 4, 2011
Insider Transaction Report
Form 4
Foskett Robert W
Director
Transactions
- Award
Class A Common Stock
2011-04-01+10,000→ 40,000 total
Holdings
- 564,835(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]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 III and Robert W. Foskett, as co-trustees, and certain members of the Penny family. The Voting Trust contains 564,835 shares of Class B Common Stock held for the benefit of Mr. Foskett.