4//SEC Filing
Shaver Christopher J. 4
Accession 0001403609-11-000019
CIK 0001002135other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 1:58 PM ET
Size
11.3 KB
Accession
0001403609-11-000019
Insider Transaction Report
Form 4
Shaver Christopher J.
VP, General Manager of CNS Div
Transactions
- Tax Payment
Class A Common Stock
2011-05-18$3.58/sh−7,705$27,622→ 193,823 total - Award
Class A Common Stock
2011-05-18+28,000→ 201,528 total - Exercise/Conversion
Performance-based restricted stock units
2011-05-18−70,000→ 0 totalExercise: $0.00→ Class A Common Stock (70,000 underlying) - Exercise/Conversion
Class A Common Stock
2011-05-18+70,000→ 173,528 total
Footnotes (4)
- [F1]On April 13, 2010, the reporting person was granted a performance-based award (PSA) of restricted stock units. The actual number of shares of Class A Common Stock earned could vary from 0% to 140% of the target award based on fiscal year 2011 performance. Based on fiscal 2011 performance, the number of shares earned equaled 140% of the target award. The amount shown above represents the number of shares earned at the target performance level, which converted on a 1-for-1 basis into Class A Common Stock.
- [F2]The award is also subject to further time-based vesting restrictions with 25% of the actual shares earned vesting on May 18, 2011 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.
- [F3]The amount shown above represents shares earned pursuant to the PSA in excess of the target level as a result of fiscal 2011 financial performance.
- [F4]Withholding of shares to satisfy statutory tax withholding obligations on vesting of the PSA.
Documents
Issuer
WESTELL TECHNOLOGIES INC
CIK 0001002135
Entity typeother
Related Parties
1- filerCIK 0001411145
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 1:58 PM ET
- Size
- 11.3 KB