Document:

WSTL-EX10.28_2015.3.31

Exhibit 10.28

WESTELL TECHNOLOGIES, INC.

          NON-QUALIFIED STOCK OPTION

THIS NON-QUALIFIED STOCK OPTION, dated as set forth in the attached
Memorandum is granted by WESTELL TECHNOLOGIES, INC. (the "Company"), to the
Employee as set forth in the attached Memorandum (the “Employee”) pursuant to the
Company's 2004 Stock Incentive Plan (the "Plan").

1.    OPTION GRANT

The Company hereby grants to the Employee an option to purchase total
shares as set forth in the attached Memorandum of Class A Common Stock of the Company at
an option price per share as set forth in the attached Memorandum.  This option is not intended
to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended.

2.     TIME OF EXERCISE

This option may be exercised (in the manner described in paragraph 3 hereof) in
whole or in part, at any time and from time to time, subject to the following limitations:

(a)  This option may not be exercised to any extent until the first    
anniversary of the Date of Grant.  This option may be exercised to a maximum
cumulative extent of 25% of the total shares covered hereby on and after the first
anniversary of the Date of Grant; 50% of the total shares commencing on and
after the second anniversary of the Date of Grant; 75% of the total shares
commencing on and after the third anniversary of the Date of Grant; 100% of the
total shares commencing on and after the fourth anniversary of the Date of
Grant.  In the event that the Employee's employment with the Company or a
subsidiary terminates by reason of total disability or death prior to the fourth

anniversary of the Date of Grant, then the portion of the option which may be
exercised shall be determined as if the Employee remained an employee of the
Company until the next anniversary of the Date of Grant.

(b)  For these purposes, employment shall be deemed to continue after
termination of full-time employment for any period during which the Employee remains a
part-time employee of the Company or a consultant to the Company as determined by
the sole discretion of the Stock Incentive Committee.

    
(c)  This option may not be exercised:

(i)    more than three months after the termination of the Employee's
employment with the Company or a subsidiary for any reason
other than retirement, total disability or death; or

(ii)    more than twelve months after termination of employment by
reason of retirement, total disability or death; or 

(iii)    more than five years from the Date of Grant.

For these purposes retirement and total disability shall be determined in
accordance with the established policies of the Company.  This option may be
exercised during the indicated periods following termination of employment only
to the extent permitted pursuant to paragraphs 2(a) and (b) hereof.

3.    METHOD OF EXERCISE

This option may be exercised only by appropriate notice in writing delivered to
the Secretary of the Company and accompanied by:

(a)    a check payable to the order of the Company for the full
purchase price of the shares purchased and any required tax
withholding, and 

(b)    such other documents or representations as the Company may
reasonably request in order to comply with securities, tax or
other laws then applicable to the exercise of the option.

Payment of the purchase price may be made in whole or in part by the delivery of shares of
Common Stock owned by the Employee for at least six months (or by certification of the
Employee's ownership of such shares), valued at fair market value on the date of exercise.
The Employee may satisfy any tax withholding obligation in whole or in part by electing to
have the Company retain option shares, having a fair market value on the date of exercise
equal to the amount required to be withheld.

		
	4.
	CONDITIONS

I agree that I shall not within three months following my resignation of
employment with the Company engage in any Competitive Activity.  Competitive Activity
means any service to a competitor related to the work I have done at Westell or with
knowledge of confidential information gained at Westell.  By accepting this option, I agree to
pay Westell as liquidated damages, any profit (spread between grant price and closing price
on the date of exercise) realized on my exercise of this option from three months preceding
and ending three months following my date of resignation.

5.    NON‐TRANSFERABILITY; DEATH

This option is not transferable by the Employee otherwise than by will or the
laws of descent and distribution and is exercisable during the Employee's lifetime only by the
Employee.  If the Employee dies during the option period, this option may be exercised in
whole or in part and from time to time, in the manner described in paragraph 3 hereof, by the
Employee's estate or the person to whom the option passes by will or the laws of descent and
distribution, but only within a period of (a) twelve months after the Employee's death or (b) five
years from the Date of Grant, whichever period is shorter.  At the discretion of the Committee,
this option may be transferred to members of the Employee's immediate family or trusts or
family partnerships for the benefit of such persons, subject to terms and conditions
established by the Committee.

6. Accelerated Vesting and Limitations on Sales

In accordance with the Offer Letter dated February 10, 2015 (the "Offer Letter"), any unvested
options shall vest and become immediately exercisable upon termination without Cause
(as defined in the Offer Letter) or following a termination by the Company within six (6) months
of a Change in Control (as defined below) in the year in which the event triggering vesting
occurs.  

Notwithstanding the provisions in the paragraphs above, pursuant to the terms of the Offer
Letter no shares held upon exercise of the options may be sold, except to cover taxes or the
exercise price for a period of three (3) years from the grant date.

A “Change in Control” of the Company shall be deemed to have occurred as of the first day
that any one or more of the following conditions shall have been satisfied:

		
	(A)
	the consummation of the purchase by any person, entity

or group of persons, within the meaning of Section 13(d)
or 14(d) of the Securities Exchange Act of 1934, as
amended, except the Voting Trust (together with its
affiliates) formed pursuant to the Voting Trust Agreement
dated February 23, 1994, as amended, among Robert C.
Penny III and Melvin J. Simon, as co-trustees, and
certain members of the Penny family and the Simon
family, of ownership of shares representing more than
50% of the combined voting power of the Company’s
voting securities entitled to vote generally (determined
after giving effect to the purchase);
		
	(B)
	a reorganization, merger or consolidation of the

Company, in each case, with respect to which persons
who were shareholders of the Company immediately
prior to such reorganization, merger or consolidation do
not, immediately thereafter, own 50% or more of the
combined voting power entitled to vote generally of the
Company or the surviving or resulting entity (as the case
may be);
		
	(C)
	a sale of all or substantially all of the Company’s assets,

except that a Change in Control shall not exist under this
clause (iii) if the Company or persons who were
shareholders of the Company immediately prior to such
sale continue to collectively own 50% of more of the
combined voting power entitled to vote generally of the
acquirer.

*               *               *

        

IN WITNESS WHEREOF, the Company has caused the execution hereof by its duly
authorized officer and Employee has agreed to the terms and conditions of this option, all as
of the date first above written.

WESTELL TECHNOLOGIES, INC.

By        /s/ Tom Minichiello
________________________________

       Tom Minichiello, CFO        

 J. Thomas Gruenwald                 
    Employee Name
                        
/s/ J. Thomas Gruenwald
________________________________
     Employee Signature                     

NOTICE OF GRANT OF STOCK OPTION FOR THE PURCHASE OF
 CLASS A COMMON STOCK

Dear John Thomas Gruenwald,

You have received a grant with the following parameters:

Plan Name:          Westell Technologies, Inc. 2004 Stock Incentive Plan
Award Number:    10028 
Shares Granted:     250,000
Exercise Price:    1.475 per share
Award Type:        NQSO
Award Date:         February 10, 2015
Vesting Schedule:    4 year vesting, 25% per year upon anniversary date of grant

Vesting Date        Shares Vesting
2/10/2016               62,500
2/10/2017               62,500        
2/10/2018               62,500    
2/10/2019               62,500            

Expiration Date:    2/10/2020

If you have any questions, contact Sharon Hintz at 630-375-4160.

By affixing your signature to the bottom of this Notice, you acknowledge receipt of a copy of the Agreement and the Plan to which the Agreement and this Stock Option Grant is subject and agree that the Options Granted hereunder shall be subject to such Plan and Agreement and shall be governed by their terms and provisions.

Tom Minichiello            
Westell Technologies, Inc.
Chief Financial Officer

/s/ J. Thomas Gruenwald                    3/16/2015
___________________________________        _______________________
J. Thomas Gruenwald                        DateWSTL-EX10.29_2015.3.31

Exhibit 10.29    

WESTELL TECHNOLOGIES, INC.

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT is granted by
WESTELL TECHNOLOGIES, INC. (the “Company”) to John Thomas Gruenwald (the
“Participant”) this 10th day of February 2015 (the “Grant Date”) pursuant to the Company’s
2004 Stock Incentive Plan (the “Plan”).  The applicable terms of the Plan are incorporated
herein by reference, including the definitions of terms contained therein.

WHEREAS, the Company believes it to be in the best interests of the Company
and its stockholders for its officers and other Participants to have an incentive tied to the price of
the Company's Class A Common Stock (the "Common Stock") in order that they will have a
greater incentive to work for and manage the Company’s affairs in such a way that its shares
may become more valuable; and

WHEREAS, the Company has determined to grant the Participant restricted stock
units which assuming certain conditions and other requirements specified below are satisfied
convert into shares of Common Stock pursuant to the terms of the Plan and this Agreement;
 
NOW, THEREFORE, in consideration of the premises and of the services to be
 performed by the Participant and other conditions required hereunder, the Company and the
Participant intending to be legally bound hereby agree as follows:

1.Restricted Stock Units Award.  The Company hereby grants to the Participant
250,000 “Restricted Stock Units”.  The Restricted Stock Units granted under this Agreement are
units that will be reflected in a book account maintained by the Company until the shares of
Common Stock have been issued pursuant to Section 3 or have been forfeited. This Award is
subject to the terms and conditions of this Agreement and the Plan.

2.Vesting of Award.  

(a)Vesting Schedule.  The Restricted Stock Units will vest according to the
following schedule, with respect to each installment shown in the
schedule, on and after the vesting date applicable to such installment:
	
		
	Installment
	Vesting Date Applicable
to Installment

	25% of the Award
	First anniversary of grant

	Next 25% of the Award
	Second anniversary of grant

	Next 25% of the Award
	Third anniversary of grant

	Final 25% of the Award
	Fourth anniversary of grant

		
	(b)
	Vesting Conditions and Provisions Applicable to Award.  The period of

time during which the Restricted Stock Units are forfeitable is referred to

as the “Restricted Period”.  Except as provided in Section 5 if the
Participant's employment with the Company or one of its subsidiaries
terminates during the Restricted Period for any reason, then the unvested
Restricted Stock Units shall be forfeited to the Company on the date of
such termination, without any further obligation of the Company to the
Participant and all of the Participant's rights with respect to unvested
Restricted Stock Units shall terminate. 

3.Conversion of the Restricted Stock Units to Common Stock.  Immediately
following the vesting of Restricted Stock Units under Section 2, the Company shall issue to the
Participant a certificate representing one share of Common Stock for each Restricted Stock Unit
becoming vested.  The Company shall not be required to issue fractional shares of Common
Stock upon the settlement of the Restricted Stock Units.
  
4.Rights During the Restricted Period.  Prior to vesting as described in Section 2,
the Participant will not receive any certificates with respect to the Restricted Stock Units and will
not have any right to vote the Restricted Stock Units.  The Participant will not be deemed a
stockholder of the Company with respect to any of the Restricted Stock Units.  The Restricted
Stock Units may not be sold, assigned, transferred, pledged, encumbered or otherwise disposed
of prior to vesting.  After Restricted Stock Units are converted to shares of Common Stock, the
Participant shall receive a cash payment or payments from the Company equal to any cash
dividends paid with respect to the number of shares of Restricted Stock relating to Restricted
Stock Units that are earned hereunder during the period beginning with the date of Award
through the date the shares of Common Stock become issued and outstanding. 

5.Change in Control.  

		
	(a)
	Notwithstanding the provisions of Section 2, in the event of a Triggering

Event or a termination of Participant's employment by the Company or
one of its subsidiaries without Cause no more than three months prior to
and in anticipation of a Change in Control, the Participant will become
immediately vested in all Restricted Stock Units.  Additionally, in
accordance with the Offer Letter dated February 10, 2015 (the "Offer
Letter"), the Participant will become immediately vested in all Restricted
Stock Units upon termination without Cause (as defined in the Offer
Letter) or following a termination by the Company within six (6) months
of a Change in Control (as defined below) in the year in which the event
triggering vesting occurs.  

		
	(b)
	For purposes of this Agreement, "Change in Control", "Triggering Event"

and "Cause" have the following meaning:

		
	(i)
	A “Change in Control” of the Company shall be deemed to have

occurred as of the first day that any one or more of the following
conditions shall have been satisfied:

		
	(A)
	the consummation of the purchase by any person, entity or

group of persons, within the meaning of Section 13(d) or
14(d) of the Securities Exchange Act of 1934, as amended,
except the Voting Trust (together with its affiliates) formed
pursuant to the Voting Trust Agreement dated February 23,
1994, as amended, among Robert C. Penny III and Melvin
J. Simon, as co-trustees, and certain members of the Penny
family and the Simon family, of ownership of shares
representing more than 50% of the combined voting power
of the Company’s voting securities entitled to vote
generally (determined after giving effect to the purchase);

		
	(B)
	a reorganization, merger or consolidation of the Company,

in each case, with respect to which persons who were
shareholders of the Company immediately prior to such
reorganization, merger or consolidation do not,
immediately thereafter, own 50% or more of the combined
voting power entitled to vote generally of the Company or
the surviving or resulting entity (as the case may be); 

		
	(C)
	a sale of all or substantially all of the Company’s assets,

except that a Change in Control shall not exist under this
clause (C) if the Company or persons who were
shareholders of the Company immediately prior to such
sale continue to collectively own 50% or more of the
combined voting power entitled to vote generally of the
acquirer.

		
	(ii)
	A "Triggering Event" shall be deemed to have occurred as of the

first day that any one or more of the following conditions shall
have been satisfied:

		
	(A)
	the Participant resigns from and terminates his employment

with the Company for Good Reason following a Change in
Control by notifying the Company or its successor within
ninety (90) days after the initial occurrence of the event
constituting Good Reason specifying in reasonable detail
the basis for the Good Reason. 

		
	(B)
	the Company or its successor terminates the Participant’s

employment with the Company without Cause within two
years of the date on which a Change in Control occurred.

		
	(iii)
	"Good Reason" means that concurrent with or within twelve

months following a Change in Control, the Participant's base salary
is reduced or the Participant’s total compensation and benefits
package is materially reduced without the Participant's written

approval, or the Participant's primary duties and responsibilities
prior to the Change in Control are materially reduced or modified
in such a way as to be qualitatively beneath the duties and
responsibilities befitting of a person holding a similar position with
a company of comparable size in the Company’s business in the
United States, without the Participant's written approval (other than
may arise as a result of the Company ceasing to be a reporting
company under the Exchange Act or ceasing to be listed on
NASDAQ), or the Participant is required, without his consent, to
relocate his principal office to a location, or commence principally
working out of another office located, more than 30 miles from the
Company’s office which represented the Participant’s principal
work location. 
 
		
	(iv)
	“Cause” means (A) the failure by the Participant to comply with a

particular directive or request from the Board of the Company
regarding a matter material to the Company, and the failure
thereafter by the Participant to reasonably address and remedy
such noncompliance within thirty (30) days (or such shorter period
as shall be reasonable or necessary under the circumstances)
following the Participant’s receipt of written notice from the Board
confirming the Participant’s noncompliance; (B) the taking of an
action by the Participant regarding a matter material to the
Company, which action the Participant knew at the time the action
was taken to be specifically contrary to a particular directive or
request from the Board, (C) the failure by the Participant to comply
with the written policies of the Company regarding a matter
material to the Company, including expenditure authority, and the
failure thereafter by the Participant to reasonably address and
remedy such noncompliance within thirty (30) days (or such
shorter period as shall be reasonable or necessary under the
circumstances) following the Participant’s receipt of written notice
from the Board confirming the Participant’s noncompliance, but
such opportunity to cure shall not apply if the failure is not curable;
(D) the Participant’s engaging in willful, reckless or grossly
negligent conduct or misconduct which, in the good faith
determination of the Company’s Board, is materially injurious to
the Company monetarily or otherwise; (E) the aiding or abetting a
competitor or other breach by the Participant of his fiduciary duties
to the Company; (F) a material breach by the Participant of his
obligations of confidentiality or nondisclosure or (if applicable)
any breach of the Participant’s obligations of noncompetition or
nonsolicitation under any agreement between the Participant and
the Company; (G) the use or knowing possession by the Participant
of illegal drugs on the premises of the Company; or (H) the
Participant is convicted of, or pleads guilty or no contest to, a
felony or a crime involving moral turpitude.

		
	(c)
	Solely for purposes of the definitions of “Triggering Event”, “Good

Reason” and "Cause" under this Section 5 (and not for purposes of the
definition of "Change in Control" hereunder), the Company shall be
deemed to include any of Westell Technologies, Inc.'s direct and indirect
subsidiary companies and the term Board shall be deemed to include the
Board of Directors of any such subsidiary. 

6.Interpretation by Committee.  The Participant agrees that any dispute or
disagreement that may arise in connection with this Agreement shall be resolved by the
Committee, in its sole discretion, and that any interpretation by the Committee of the terms of
this Agreement, the Award or the Plan and any determination made by the Committee under this
Agreement or such plan may be made in the sole discretion of the Committee.

7.Miscellaneous.

		
	(a)
	This Agreement shall be governed and construed in accordance with the

laws of the State of Delaware applicable to contracts made and to be
performed therein between residents thereof.

		
	(b)
	This Agreement may not be amended or modified except by the written

consent of the parties hereto.

		
	(c)
	The captions of this Agreement are inserted for convenience of reference

only and shall not be taken into account in construing this Agreement.

		
	(d)
	This Agreement shall be binding upon and inure to the benefit of the

Company and its successors and assigns and shall be binding upon and
inure to the benefit of the Participant, the Beneficiary and the personal
representative(s) and heirs of the Participant, except that the Participant
may not transfer any interest in any Restricted Stock Units prior to the
release of the restrictions imposed by Sections 2, 4 and 5.  Additionally,
pursuant to the terms of the Offer Letter no Restricted Stock Units or
Common Stock shares converted from Restricted Stock Units may be sold,
except to cover taxes upon conversion, for the first three years of
employment.

IN WITNESS WHEREOF, the parties hereto have, personally or by a duly authorized
 representative, executed this Agreement as of the Grant Date first above written.
Westell Technologies, Inc.

By:  /s/ Thomas P. Minichiello                            
Name (printed):  Thomas P. Minichiello
Title:  Chief Financial Officer
/s/ John Thomas Gruenwald
_______________________________________
John Thomas Gruenwald

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