WESTELL
TECHNOLOGIES INC.
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(Name
of Issuer)
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Class
A Common Stock $0.01 Par Value,
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(Title
of Class of Securities)
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957541105
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(CUSIP
Number)
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May
22, 2008
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(Date
of Event Which Requires Filing of this
Statement)
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o
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Rule
13d-1(b)
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x
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Rule
13d-1(c)
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o
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Rule
13d-1(d)
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CUSIP
No. 957541105
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1
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NAME
OF REPORTING PERSON:
BC
Advisors, LLC
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I.R.S.
Identification Nos. of above persons (entities only):
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o
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(b) x
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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Texas
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5
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SOLE
VOTING POWER: 0
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NUMBER
OF
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SHARES
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6
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SHARED
VOTING POWER: 2,762,236
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BENEFICIALLY
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OWNED
BY
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EACH
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7
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SOLE
DISPOSITIVE POWER: 0
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REPORTING
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PERSON
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WITH:
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8
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SHARED
DISPOSITIVE POWER: 2,762,236
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
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2,762,236
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
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o
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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4.9%*
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12
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TYPE
OF REPORTING PERSON
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HC/CO
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CUSIP
No. 957541105
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1
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NAME
OF REPORTING PERSON:
SRB
Management, L.P.
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I.R.S.
Identification Nos. of above persons (entities only):
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2
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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|||
|
(a) o
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||||
|
(b) x
|
||||
3
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SEC
USE ONLY:
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||||
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||||
4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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|||
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Texas
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5
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SOLE
VOTING POWER: 0
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|||
NUMBER
OF
|
|
|
|||
SHARES
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6
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SHARED
VOTING POWER:
2,762,236
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BENEFICIALLY
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|||
OWNED
BY
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|||
EACH
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7
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SOLE
DISPOSITIVE POWER: 0
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REPORTING
|
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|||
PERSON
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WITH:
|
8
|
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SHARED
DISPOSITIVE POWER :
2,762,236
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|||
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|||
9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
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2,762,236 | ||||
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|||||
10
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
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|||
|
|
||||
|
o
|
||||
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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4.9%*
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12
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TYPE
OF REPORTING PERSON
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IA/PN
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CUSIP
No. 957541105
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1
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NAME
OF REPORTING PERSON:
Steven
R. Becker
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I.R.S.
Identification Nos. of above persons (entities
only):
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2
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|||
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(a) o
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||||
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(b) x
|
||||
3
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SEC
USE ONLY
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||||
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||||
4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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United
States
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5
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SOLE
VOTING POWER:
0
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NUMBER
OF
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SHARES
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6
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SHARED
VOTING POWER:
2,812,236
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BENEFICIALLY
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OWNED
BY
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|||
EACH
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7
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SOLE
DISPOSITIVE POWER:
0
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||
REPORTING
|
|
|
|||
PERSON
|
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|
|||
WITH:
|
8
|
|
SHARED
DISPOSITIVE POWER:
2,812,236
|
||
|
|
|
|||
|
|
|
|||
9
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|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
|
|||
|
2,812,236
|
||||
|
|
||||
10
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
|||
|
|
||||
|
o
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||||
11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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5.0%* | ||||
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12
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TYPE
OF REPORTING PERSON
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HC/IN
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Item
1(a).
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Name
of Issuer: Westell Technologies, Inc.
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Item
1(b).
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Address
of Issuer's Principal Executive Offices:
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750
N Commons Dr.
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Aurora,
Illinois 60504
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Item
2(a).
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Name
of Person Filing:
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See
Item 1 of each cover page.
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Item
2(b).
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Address
of Principal Business Office or if none, Residence:
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300
Crescent Court, Suite 1111
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Dallas,
Texas 75201
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Item
2(c).
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Citizenship:
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See
Item 4 of each cover page.
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Item
2(d).
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Title
of Class of Securities:
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Class
A Common Stock, par value $.01 per share
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Item
2(e).
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CUSIP
Number:
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957541105
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Item
3.
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Not
Applicable
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Item
4.
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Ownership:
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(a) |
Amount
Beneficially Owned:
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As of May 22, 2008, SRB Management, L.P. had beneficial ownership of 2,762,236 shares of Class A common stock (“Shares”) of the Issuer acquired for the accounts of (1) SRB Greenway Capital, L.P. (“Greenway LP”) (262,900 Shares), (2) SRB Greenway Capital (QP), L.P. (“Greenway QP”) (2,400,736 Shares) and (3) SRB Greenway Offshore Operating Fund, L.P. (“Greenway Offshore”) (98,600 Shares). SRB Management is the general partner and investment manager of Greenway LP, Greenway QP and Greenway Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the managing member of BCA. As general partner of SRB Management, BCA may be deemed to have beneficial ownership of the Shares beneficially owned by SRB Management, and as managing member of BCA, Mr. Becker may be deemed to have beneficial ownership of the Shares beneficially owned by BCA. In addition, as of May 22, 2008 Mr. Becker directly owned 50,000 Shares. Therefore, Mr. Becker may be deemed to beneficially own 2,812,236 Shares as of May 22, 2008. |
(b) | Percent of Class: |
See Item 11 of each cover page |
(c) | Number of shares as to which such person has: |
(i)
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sole
power to vote or to direct the vote:
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See Item 5 of each cover page. |
(ii) | shared power to vote or to direct the vote: |
See Item 6 of each cover page. |
(iii) | sole power to dispose or to direct the disposition of: |
See Item 7 of each cover page. |
(iv) | shared power to dispose or to direct the disposition of: |
See Item 8 of each cover page. |
Item
5.
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Ownership
of Five Percent or Less of a Class:
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If
this
statement is being filed to report the fact that as of the
date hereof the
reporting person has ceased to be the beneficial owner of more
than five
percent of the class of securities, check the following: o
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person:
|
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See Item 4(a) above. |
Item
7.
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Identification
and Classification of Subsidiary Which Acquired the
Securities:
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Not
Applicable
|
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Item
8.
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Identification
and Classification of Members of the Group:
|
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Not applicable. |
Item
9.
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Notice
of Dissolution of Group: Not applicable.
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Item
10.
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Certification:
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By
signing below I certify that, to the best of my knowledge and
belief, the
securities referred to above were not acquired and are not
held for the
purpose of or with the effect of changing or influencing the
control of
the issuer of the securities and were not acquired and are
not held in
connection with or as a participant in any transaction having
that purpose
or effect.
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BC
ADVISORS, LLC
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By:
/s/
Steven R. Becker
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Steven
R. Becker, Member
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SRB
MANAGEMENT, L.P.
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By:
BC Advisors, LLC, its general partner
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By:
/s/
Steven R. Becker
|
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Steven
R. Becker, Member
|
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/s/
Steven R. Becker
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|
Steven
R. Becker
|
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May
28, 2008
|