Sec Form 4 Filing - Powers Brian G. @ WESTELL TECHNOLOGIES INC - 2011-05-23

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Powers Brian G.
2. Issuer Name and Ticker or Trading Symbol
WESTELL TECHNOLOGIES INC [ WSTL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP/GM OSPlant Systems
(Last) (First) (Middle)
750 NORTH COMMONS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
05/23/2011
(Street)
AURORA, IL60504
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/23/2011 M 4,280 A $ 2.185 176,599 D
Class A Common Stock 05/23/2011 S 4,280 D $ 3.2628 172,319 D
Class A Common Stock 05/23/2011 M 16,000 A $ 1.135 188,319 D
Class A Common Stock 05/23/2011 S 16,000 D $ 3.2395 172,319 D
Class A Common Stock 05/23/2011 M 3,200 A $ 1.57 175,519 D
Class A Common Stock 05/23/2011 S 3,200 D $ 3.45 172,319 D
Class A Common Stock 05/23/2011 M 5,940 A $ 1.665 178,259 D
Class A Common Stock 05/23/2011 S 5,940 D $ 3.45 172,319 D
Class A Common Stock 05/23/2011 M 8,331 A $ 1.57 180,650 D
Class A Common Stock 05/23/2011 S 8,331 D $ 3.45 172,319 D
Class A Common Stock 05/24/2011 M 4,800 A $ 1.57 177,119 D
Class A Common Stock 05/24/2011 S 4,800 D $ 3.45 172,319 D
Class A Common Stock 05/24/2011 M 2,019 A $ 1.57 174,338 D
Class A Common Stock 05/24/2011 S 2,019 D $ 3.45 172,319 D
Class A Common Stock 05/24/2011 M 6,060 A $ 1.665 178,379 D
Class A Common Stock 05/24/2011 S 6,060 D $ 3.45 172,319 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 2.185 05/23/2011 M 4,280 ( 2 ) 05/30/2011 Class A Common Stock 4,280 $ 0 0 D
Employee Stock Option $ 1.135 05/23/2011 M 16,000 ( 1 ) 09/19/2011 Class A Common Stock 16,000 $ 0 0 D
Employee Stock Option $ 1.57 05/23/2011 M 3,200 ( 3 ) 04/01/2012 Class A Common Stock 3,200 $ 0 4,800 D
Employee Stock Option $ 1.57 05/24/2011 M 4,800 ( 3 ) 04/01/2012 Class A Common Stock 4,800 $ 0 0 D
Employee Stock Option $ 1.57 05/23/2011 M 8,331 ( 4 ) 04/01/2012 Class A Common Stock 8,331 $ 0 2,019 D
Employee Stock Option $ 1.57 05/24/2011 M 2,019 ( 4 ) 04/01/2012 Class A Common Stock 2,019 $ 0 0 D
Employee Stock Option $ 1.665 05/23/2011 M 5,940 ( 5 ) 05/13/2015 Class A Common Stock 5,940 $ 0 24,060 D
Employee Stock Option $ 1.665 05/24/2011 M 6,060 ( 5 ) 05/13/2015 Class A Common Stock 6,060 $ 0 18,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Powers Brian G.
750 NORTH COMMONS DRIVE
AURORA, IL60504
VP/GM OSPlant Systems
Signatures
/s/ Amy T. Forster, by power of attorney 05/25/2011
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Options were originally granted on 9/19/2001 and vested in equal installments of 20% per year from the date of grant.
( 2 )Options were originally granted on 5/30/2001. 7,162 vested on 4/29/2002 and 4,280 vested on 5/30/2008.
( 3 )Options were originally granted on 4/1/2002 and vested in equal installments of 20% per year from the date of grant.
( 4 )Options were originally granted on 4/1/2002 and 21,497 vested on 5/19/2003 and 10,350 vested on 4/1/2009.
( 5 )Options were originally granted on 5/13/2008 and vested in equal installments of 20% per year from the date of grant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.