Kaplan Andrew E 4
4 · ASPEN GROUP, INC. · Filed Dec 27, 2018
Insider Transaction Report
Form 4
Kaplan Andrew E
Director
Transactions
- Award
Common Stock
2018-12-24+6,836→ 39,221 total - Award
Common Stock
2018-12-24+2,000→ 32,385 total
Footnotes (2)
- [F1]The shares of restricted common stock were granted under the Aspen Group, Inc. 2018 Equity Incentive Plan for service as a director and a committee member, as applicable, and vest in three equal annual increments on December 24, 2019, December 24, 2020, and December 24, 2021, subject to continued service as a director of the Issuer on each applicable vesting date.
- [F2]Shares of restricted common stock were granted in lieu of cash compensation for services as a director pursuant to the Reporting Person's election. The amount was determined based on $5.12 per share, the closing price of the Issuer's common stock on The Nasdaq Capital Market on December 21, 2018.