Arnauld Cheri St. 4
4 · ASPEN GROUP, INC. · Filed Jul 10, 2020
Insider Transaction Report
Form 4
Arnauld Cheri St.
Chief Academic Officer
Transactions
- Award
Restricted Stock Units
2020-07-08+13,991→ 13,991 total→ Common Stock (13,991 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. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the board of directors of the Issuer.
- [F2]The restricted stock units shall vest on July 8, 2023, subject to continued service as an officer of the Company on the vesting date. Vested shares of common stock will be delivered to the reporting person upon the vesting of the restricted stock units. In the event of a change of control of the Company, vesting will accelerate. The restricted stock units were issued under the 2018 Equity Incentive Plan.