Dir MCCONNAUGHY JR Sells 17,507 Of WAVE SYSTEMS CORP >WAVX 22/04/2011 02:26 | Wave Systems Corporation SOURCE: Form 4 ISSUER: WAVE SYSTEMS CORP SYMBOL: WAVX (CL A) FILER: MCCONNAUGHY JOHN E JR TITLE: Director DATE TRANSACTION SHARES PRICE VALUE 4/20/11 Sale 17,507 $3.17 $55,497