Wendolowski Gerard 4
4 · ASPEN GROUP, INC. · Filed Sep 18, 2020
Insider Transaction Report
Form 4
Wendolowski Gerard
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2020-09-16$12.02/sh−20,263$243,569→ 132,271 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−122,272→ 0 totalExercise: $1.99From: 2016-06-23Exp: 2021-06-23→ Common Stock (122,272 underlying) - Tax Payment
Common Stock
2020-09-16$12.02/sh−49,903$599,854→ 82,368 total - Exercise/Conversion
Common Stock
2020-09-16$1.99/sh+122,272$243,321→ 152,534 total
Footnotes (3)
- [F1]The Reporting Person cashlessly exercised the stock options. The exercise of the stock options was exempt under Rule 16b-6 and the right of the Reporting Person to direct that the shares be withheld in payment of the exercise price and applicable taxes was both approved in advance by the Executive Committee of the Issuer's Board of Directors, which is comprised of only non-employee directors, and by the full Board of Directors in accordance with Rule 16b-3(d).
- [F2]Represents shares surrendered in payment of the exercise price.
- [F3]Represents shares surrendered in payment of the applicable taxes.