4//SEC Filing
McNamara Anne M 4
Accession 0001553350-20-000117
CIK 0001487198other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 8:43 AM ET
Size
6.5 KB
Accession
0001553350-20-000117
Insider Transaction Report
Form 4
McNamara Anne M
Chief Nursing Officer
Transactions
- Award
Restricted Stock Units
2020-02-04+50,000→ 50,000 totalExercise: $0.00From: 2024-02-04→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. In addition to the price targets in footnote (2), vesting of the restricted stock units is also subject to continued service with the Company on each applicable vesting date. Vested shares of common stock will be delivered to the reporting person upon vesting of the restricted stock units.
- [F2]The restricted stock units vest in four years, subject to the following accelerated vesting: if the price per share of the Issuer's common stock is at least $9 for 20 consecutive trading days, then 10% of the restricted stock units granted will vest immediately; (ii) if the price per share of the Issuer's common stock is at least $10 for 20 consecutive trading days, then 25% of the restricted stock units granted will vest immediately; and (iii) if the price per share of the Issuer's common stock is at least $12 for 20 consecutive trading days, then all of the restricted stock units remaining unvested will vest immediately.
Documents
Issuer
ASPEN GROUP, INC.
CIK 0001487198
Entity typeother
Related Parties
1- filerCIK 0001793019
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 8:43 AM ET
- Size
- 6.5 KB