Filing Details

Accession Number:
0001210390-12-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-01-30 16:43:51
Reporting Period:
2012-01-27
Filing Date:
2012-01-30
Accepted Time:
2012-01-30 16:43:51
SEC Url:
Form 4 Filing
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
1210390 S Richard Gilbert 750 N. Commons Drive
Aurora IL 60504
Chief Executive Officer Yes Yes No 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 Disposition 2012-01-27 49,185 $2.21 90,632 No 4 S Indirect By Gilbert Revocable Trust
Class A Common Stock Acquisiton 2012-01-30 17,700 $0.30 686,700 No 4 M Direct
Class A Common Stock Disposition 2012-01-30 17,700 $0.00 669,000 No 4 G Direct
Class A Common Stock Acquisiton 2012-01-30 17,700 $0.00 108,332 No 4 G Indirect By Gilbert Revocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Gilbert Revocable Trust
No 4 M Direct
No 4 G Direct
No 4 G Indirect By Gilbert Revocable Trust
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Employee Incentive Stock Option Disposition 2012-01-30 17,700 $0.00 17,700 $0.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
345,800 2016-02-23 No 4 M Direct
Footnotes
  1. The price represents the weighted-average sales price for multiple transactions reported on this line. The prices of the transactions range from $2.2032 to $2.21. Upon request of the SEC staff, the issuer or a stock holder, the reporting person will provide full information regarding the number of shares sold at each separate price.
  2. Mr. Gilbert is co-trustee to the Gilbert Revocable Trust.
  3. Options were originally granted on 2/23/2009 and vest in equal installments of 25% per year from the date of grant.
  4. The transaction involved a contribution of securities by the reporting person into the Gilbert Revocable Trust for with Mr. Gilbert is co-trustee.