Shaver Christopher J. 4
4 · WESTELL TECHNOLOGIES INC · Filed Apr 3, 2012
Insider Transaction Report
Form 4
Shaver Christopher J.
VP, General Manager of CNS Div
Transactions
- Tax Payment
Class A Common Stock
2012-04-01$2.35/sh−14,005$32,982→ 286,018 total - Award
Class A Common Stock
2012-04-01+100,000→ 300,023 total
Footnotes (2)
- [F1]The Compensation Committee approved an award of restricted stock units pursuant to the 2004 Stock Incentive Plan. The restricted stock units vest 25% annually beginning on April 1, 2013 and for each of the following three years concluding on April 1, 2016. Upon vesting, the restricted stock units convert on a 1-for-1 basis into Class A Common Stock
- [F2]Withholding of stock to satisfy statutory tax withholding obligations on vesting of restricted stock.