SEC Form 4 · accession 0001411719-18-000001
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
Apr 1, 2018
Accepted (ET)
Apr 3, 2018 · 5:39 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 Stock | Apr 1, 2018 | F | 6,640 | $3.35 | D | 149,928 | D | |
| Class A Common StockF2 | Apr 2, 2018 | A | 12,000 | $0.00 | A | 161,928 | D | |
| Class A Common Stock | holding | — | — | — | 5,000 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Withholding of stock to satisfy statutory tax withholding obligations on vesting of restricted stock.
- F2The Compensation Committee approved an award of restricted stock units (RSUs) pursuant to the 2015 Omnibus Incentive Compensation Plan. The RSUs vest 33% annually beginning on April 2, 2019 and for each of the following two years concluding on April 2, 2021. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.