Alessi Robert 4
4 · ASPEN GROUP, INC. · Filed Aug 13, 2020
Insider Transaction Report
Form 4
Alessi Robert
Chief Accounting Officer
Transactions
- Award
Common Stock
2020-08-12+20,000→ 20,000 total
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 compensation committee of the board of directors of the Issuer. The restricted stock units vest in approximately equal annual increments over a three-year period from July 1, 2020, subject to continued service as an executive officer of the Company as of each applicable vesting date. In the event of a change of control of the Company, vesting will accelerate. Vested shares of common stock will be delivered to the Reporting Person upon the vesting of the restricted stock units. The restricted stock units were issued under the 2012 Equity Incentive Plan.
- [F2]Does not include 20,000 restricted stock units previously granted on December 1, 2019.