Alessi Robert 4
4 · ASPEN GROUP, INC. · Filed Sep 18, 2020
Insider Transaction Report
Form 4
Alessi Robert
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2020-09-16$3.99/sh+8,333$33,249→ 8,333 total - Tax Payment
Common Stock
2020-09-16$12.02/sh−2,766$33,248→ 5,567 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−8,333→ 16,667 totalExercise: $3.99From: 2019-08-01Exp: 2024-08-01→ Common Stock (8,333 underlying) - Tax Payment
Common Stock
2020-09-16$12.02/sh−1,779$21,384→ 3,788 total
Footnotes (4)
- [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.
- [F4]Does not include 20,000 restricted stock units previously granted on December 1, 2019 nor 20,000 restricted stock units previously granted on August 12, 2020.