SEC Form 4 · accession 0001739906-18-000002
WESTELL TECHNOLOGIES INC · WSTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alfred S John
Officer — President & CEO
Period of report
May 21, 2018
Accepted (ET)
May 22, 2018 · 2:52 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 | May 21, 2018 | A | 50,000 | $0.00 | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee NQ Stock OptionF2 | $3.14 | May 21, 2018 | A | 100,000 | A | — | May 21, 2025 | Class A Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The 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 May 21, 2019 and for each of the following two years concluding on May 21, 2021. Upon vesting, the RSUs convert into shares of Class A Common Stock on a one-for-one basis.
- F2The Compensation Committee approved an award of non-qualified stock options pursuant to the 2015 Omnibus Incentive Compensation Plan. The options vest 33% annually beginning on May 21, 2019 and for each of the following two years concluding on May 21, 2021.