X0303 4 2010-04-13 0 0001002135 WESTELL TECHNOLOGIES INC WSTL 0001264902 REEDY TIMOTHY J 750 NORTH COMMONS DR AURORA IL 60504 0 1 0 0 CEO of Conference Plus, Inc. Class A Common Stock 2010-04-13 4 A 0 60000 0 A 130000 D Performance-based Restricted Stock Units 2010-04-13 4 A 0 60000 0 A Class A Common Stock 60000 60000 D On April 13, 2010, the Compensation Committee approved an award of restricted stock units pursuant to the 2004 Stock Incentive Plan. The restricted stock units vest 25% annually beginning on April 1, 2011 and for each of the following three years concluding on April 1, 2014. The restricted stock units convert on a 1-for-1 basis into Class A Common Stock. This award is subject to approval by stockholders at the next Annual Meeting of Stockholders. On April 13, 2010, the Compensation Committee approved a performance-based award of restricted stock units pursuant to the 2004 Stock Incentive Plan. The reported amount is the target award (which assuming performance at the target level would convert on a 1-for-1 basis into Class A Common Stock). The actual shares of Class A Common Stock earned can vary from 0% to 140% of the target award based on fiscal year 2011 performance. The Class A Common Stock award is also subject to further time-based vesting restrictions with 25% of the actual shares earned vesting upon determination of fiscal year 2011 financial performance with the remaining 75% vesting in equal installments annually beginning on April 1, 2012 and for each of the following two years concluding on April 1, 2014. /s/ Jeniffer Jaynes, by power of attorney 2010-04-15