WESTELL TECHNOLOGIES INC 4
4 · WESTELL TECHNOLOGIES INC · Filed May 1, 2015
Insider Transaction Report
Form 4
Bandukwala Naveed H
VP of Corporate Development
Transactions
- Award
Class A Common Stock
2015-05-01+75,000→ 182,859 total - Award
Employee NQ Stock Option
2015-05-01+75,000→ 75,000 totalExercise: $1.19Exp: 2022-05-01→ Class A Common Stock (75,000 underlying)
Footnotes (2)
- [F1]On May 1, 2015, Mr. Bandukwala received an award of restricted stock units (RSUs) pursuant to the 2004 Stock Incentive Plan. The RSUs vest 25% annually beginning on May 1, 2016 and for each of the following three years concluding on May 1, 2019. Upon vesting, the RSUs convert into shares of Class A Common Stock of the Company on a one-for-one basis.
- [F2]The Compensation Committee approved an award of non-qualified stock options pursuant to the 2004 Stock Incentive Plan. The options vest 25% annually beginning on May 1, 2016 and for each of the following three years concluding on May 1, 2019.