WESTELL TECHNOLOGIES INC 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 5, 2016
Insider Transaction Report
Form 4
GRUENWALD JOHN THOMAS
Director
Transactions
- Tax Payment
Class A Common Stock
2016-04-01$1.16/sh−755$876→ 797,897 total - Award
Class A Common Stock
2016-04-01+300,000→ 798,652 total - Award
Employee NQ Stock Option
2016-04-01+300,000→ 300,000 totalExercise: $1.16Exp: 2023-04-01→ Class A Common Stock (300,000 underlying)
Holdings
- 15,000(indirect: By IRA)
Class A Common Stock
Footnotes (3)
- [F1]The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2015 Omnibus Inventive Compensation Plan. The RSUs vest 33% annually beginning on April 1, 2017 and for each of the following two years concluding on April 1, 2019. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.
- [F2]Withholding of stock to satisfy statutory tax withholding obligations on vesting of restricted stock.
- [F3]The Compensation Committee approved an award of non-qualified stock options pursuant to the 2015 Omnibus Incentive Compensation Plan. The options vest 33% annually beginning on April 1, 2017 and for each of the following two years concluding on April 1, 2019.