SEC Form 4 · accession 0001411719-16-000009
WESTELL TECHNOLOGIES INC · WSTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas P. Minichiello
Officer — SVP,CFO,Treasurer,Secretary
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 4:56 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 | Nov 1, 2016 | A | 93,789 | $0.00 | A | 638,349 | D | |
| Class A Common Stock | holding | — | — | — | 20,000 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The RSUs contain performance-based vesting provisions based upon achievement of certain performance metrics approved by the Compensation Committee, and are also subject to a one year time-based vesting period, subject to continued employment. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.