4//SEC Filing
WESTELL TECHNOLOGIES INC 4
Accession 0001403609-16-000006
CIK 0001002135operating
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 12:05 PM ET
Size
9.7 KB
Accession
0001403609-16-000006
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.
Documents
Issuer
WESTELL TECHNOLOGIES INC
CIK 0001002135
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001002135
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 12:05 PM ET
- Size
- 9.7 KB