Page 3 of 4 – SEC Filing
| CUSIP No. 957541105 | 13D | Page 2 of 3 Pages | ||
Item 1. Security and Issuer.
This statement related to the common stock class A, $.01 par value per share (the “Shares”), of Westell Technologies,
Inc (the “Issuer”). The address of the principal executive offices of the Issuer is 750 North Commons Drive, Aurora,
IL 60504
Item 2. Identity and Background.
a)
This statement on Schedule 13D is being filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended, by
Cove Street Capital, LLC (CSC).
b)
The address of the principal office of CSC is 2101 East El Segundo Boulevard, Suite 302, El Segundo, CA 90245
c)
The principal business of CSC is as an Investment Adviser.
d)
CSC, nor any of its members has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
e)
CSC, nor any of its members was, during the last five years, a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order (1) enjoining
future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or (2) finding any
violation with respect to such laws.
f)
CSC is a Delaware limited liability company.
Item 3. Source or Amount of Funds or
Other Consideration.
CSC in its
capacity as an Investment Adviser will purchase on behalf of its clients. No monies were borrowed for such an
acquisition. The aggregate purchase price of the 5,765,064 Shares beneficially owned by CSC is approximately $11,687,716
including brokerage commissions
Item 4. Purpose of Transaction.
The purpose of this filing is to update our ownership percentage as previously filed on February 28, 2017.
Item 5. Interest in Securities of the
Issuer.
The
aggregate percentage of Shares reported owned by each person named herein is based upon 48,213,024 Shares outstanding, which
is the total number of Shares outstanding as of May 12, 2017 as reported in the Issuer’s Form 10-K filed with the
Securities and Exchange Commission on May 26, 2017.
| Date of Transaction | Buys/Sell | Quantity | Amount | Unit Price |
| 4/3/2017 | sell | 2,100 | 1,458.62 | 0.69 |
| 4/4/2017 | sell | 18,648 | 12,113.46 | 0.65 |
| 4/5/2017 | sell | 5,398 | 3,372.05 | 0.62 |
| 4/6/2017 | sell | 26,724 | 17,196.50 | 0.64 |
| 4/7/2017 | sell | 26,625 | 16,677.53 | 0.63 |
| 5/31/2017 | sell | 2,400 | 1,778.84 | 0.74 |
Item 6. Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Except as otherwise described in this Schedule 13D, there are no contracts, arrangements, understandings, or relationships
(legal or otherwise) among CSC, or between any third party, with respect to any securities of the Issuer.
Item 7. Material to Be Filed as Exhibits.
N/A
