COTRONEO FRANK J 4
4 · ASPEN GROUP, INC. · Filed Sep 18, 2020
Insider Transaction Report
Form 4
COTRONEO FRANK J
Director
Transactions
- Exercise/Conversion
Common Stock
2020-09-16$5.12/sh+13,889$71,112→ 44,822 total - Tax Payment
Common Stock
2020-09-16$12.02/sh−3,133$37,660→ 35,773 total - Tax Payment
Common Stock
2020-09-16$12.02/sh−5,916$71,113→ 38,906 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−13,889→ 27,778 totalExercise: $5.12From: 2018-12-24Exp: 2023-12-24→ Common Stock (13,889 underlying)
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.