13G Filing: Cove Street Capital and Westell Technologies Inc (WSTL)

Page 2 of 3 – SEC Filing

CUSIP No. 957541204 13G Page 2 of 3 Pages

Item 1.

(a) Name of Issuer
Westell Technologies, Inc
(b) Address of Issuer’s Principal Executive Offices
750 North Commons Drive, Aurora, IL 60504

Item 2.

(a) Name of Person Filing
Cove Street Capital, LLC
(b) Address of the Principal Office or, if none, residence
2101 East El Segundo Boulevard, Suite 302El Segundo, CA 90245
(c) Citizenship
Delaware
(d) Title of Class of Securities
Class A Common Stock, $.01 par value
(e) CUSIP Number
957541204

Item 3.  If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership.

Provide the following information regarding the aggregate number and percentage of the
class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned:  791,548
(b) Percent of class: 6.56%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote  606,666.
(ii) Shared power to vote or to direct the vote  184,882.
(iii) Sole power to dispose or to direct the disposition of  606,666.
(iv) Shared power to dispose or to direct the disposition of  184,882.

Instruction. For computations regarding securities which represent a right to
acquire an underlying security see §240.13d-3(d)(1).

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent of the class of securities,
check the following     ¨.

Instruction. Dissolution of a group requires a response to this item.

Item 6.  Ownership of More than Five Percent
on Behalf of Another Person.

N/A

Item 7.  Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8.  Identification and Classification of Members of the Group.

N/A

Item 9.  Notice of Dissolution of Group.

N/A

Item 10.  Certification.

(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction having that purpose or effect.
(b) The following certification shall be included if the statement is filed pursuant to
§240.13d-1(c):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

Follow Westell Technologies Inc (NASDAQ:WSTL)