WESTELL TECHNOLOGIES INC 4
4 · WESTELL TECHNOLOGIES INC · Filed Sep 14, 2016
Insider Transaction Report
Form 4
Foskett Robert W
Director
Transactions
- Award
Class A Common Stock
2016-09-13+10,000→ 95,000 total
Holdings
- 482,626(indirect: By Trust)
Class B Common Stock
Footnotes (3)
- [F1]Grant of restricted stock, with 100% vesting on the first anniversary of the grant date, pursuant to the 2015 Omnibus Incentive Compensation 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, Robert W. Foskett and Patrick J. McDonough, Jr., as co- trustees, and certain members of the Penny family. The Voting Trust contains 482,626 shares of Class B Common Stock held for the benefit of Mr. Foskett.