X0303 4 2010-08-10 0 0001002135 WESTELL TECHNOLOGIES INC WSTL 0001008281 SIMON MELVIN J 0 0 1 0 Class A Common Stock 2010-08-10 4 M 0 10000 1.57 A 20000 D Class A Common Stock 2010-08-10 4 S 0 10000 2.2 D 10000 D Class B Common Stock 137804 I Voting Trust Employee Stock Option 1.57 2010-08-10 4 M 0 10000 1.57 D Class A Common Stock 10000 0 D 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 4/1/2002 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. /s/ Amy T. Forster, by power of attorney 2010-10-28