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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1002135	Westell Technologies Inc	WSTL	Telephone & Telegraph Apparatus (3661)	363154957

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1008281	J Melvin Simon			No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2010-09-14	42,000	$2.12	52,000	No	4	M	Direct
Class A Common Stock	Disposition	2010-09-14	42,000	$2.37	42,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option	Disposition	2010-09-14	42,000	$2.12	42,000	$2.12

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class B Common Stock	137,804	Indirect	Voting Trust

Footnotes

Holders of Class B Common Stock have four votes per share and holders of Class A Common Stock have one vote per share. Class B Common Stock is transferable only to certain transferees and is convertible into Class A Common Stock on a share-for-share basis.
The Shares of Class B Common Stock listed are held pursuant to a Voting Trust Agreement dated February 23, 1994, as amended ( the "Voting Trust"), among Robert C. Penny and Melvin J. Simon, as trustees, and certain members of the Penny family and the Simon family. The Voting Trust contains 137,804 shares of Class B Common Stock held for the benefit of Mr. Simon.
This option was granted on 4/10/2001 and vested in equal annual installments over 5 years from the date of grant.
The original option life was 10 years, but pursuant to the 2004 Stock Incentive Plan Mr. Simon has one year to exercise from his retirement date of 9/17/2009.