Sevely Joseph L. 4
4 · ASPEN GROUP, INC. · Filed Dec 17, 2018
Insider Transaction Report
Form 4
Sevely Joseph L.
Chief Financial Officer
Transactions
- Award
Stock Options (Right to Buy)
2018-12-13+180,000→ 180,000 totalExercise: $7.17From: 2018-12-13Exp: 2023-09-10→ Common Stock (180,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Employment Agreement between the Issuer and the Reporting Person, the stock options will vest annually over a three-year period with the first vesting date being September 10, 2019, subject to continued employment on each applicable vesting date.
- [F2]The option grant was approved by the Issuer's board of directors in September 2018, subject to shareholder approval of the 2018 Equity Incentive Plan (the "Plan") under which the options were granted. The Issuer's shareholders approved the Plan at the annual shareholders' meeting held on December 13, 2018.