SEC Form 4 · accession 0001242424-18-000001
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 11, 2018
Accepted (ET)
Sep 12, 2018 · 5:33 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 | Sep 11, 2018 | A | 10,139 | $0.00 | A | 34,870 | D | |
| Class B Common StockF2,F3 | 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.
- F2Holders 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.
- F3Includes 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.