SEC Form 4 · accession 0001002135-17-000066
WESTELL TECHNOLOGIES INC · WSTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Penny III
Director
Period of report
Sep 12, 2017
Accepted (ET)
Sep 13, 2017 · 7:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001002135
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Sep 12, 2017 | A | 9,731 | $0.00 | A | 24,731 | D | |
| Class B Common StockF3,F2,F4 | holding | — | — | — | 1,208,032 | I | Voting Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of restricted stock, with 100% vesting on the first anniversary of the grant date, pursuant to the 2015 Omnibus Incentive Compensation Plan.
- F2All share numbers and stock prices presented in this filing are on a post-split basis to reflect the reverse stock split at a ratio of 1-for-4 which became effective June 7, 2017.
- F3Holders 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.
- F4Includes 961,623 shares of Class B Common Stock that 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. Also includes 246,409 shares of Class B Common Stock held in trusts for which the Reporting Person's children are beneficiaries.