ASPEN GROUP, INC.|4Sep 18, 4:05 PM ET

JENSEN C JAMES 4

4 · ASPEN GROUP, INC. · Filed Sep 18, 2020

Form 4

Period: 2020-09-16

Director

Transactions

Exercise/Conversion
Common Stock
2020-09-16$4.32/sh+25,000$108,000→ 195,747 total
Tax Payment
Common Stock
2020-09-16$12.01/sh−8,993$108,006→ 186,754 total
Tax Payment
Common Stock
2020-09-16$12.01/sh−2,881$34,601→ 188,873 total
Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−2,778→ 0 total
Exercise: $2.28From: 2012-09-04Exp: 2020-10-04→ Common Stock (2,778 underlying)
Exercise/Conversion
Common Stock
2020-09-16$2.28/sh+2,778$6,334→ 171,275 total
Exercise/Conversion
Common Stock
2020-09-16$6.92/sh+5,000$34,600→ 191,754 total
Tax Payment
Common Stock
2020-09-16$12.01/sh−528$6,341→ 170,747 total
Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−25,000→ 0 total
Exercise: $4.32From: 2017-04-14Exp: 2022-04-14→ Common Stock (25,000 underlying)
Exercise/Conversion
Stock Options (Right to Buy)
2020-09-16−5,000→ 0 total
Exercise: $6.92From: 2019-12-09Exp: 2024-12-09→ Common Stock (5,000 underlying)

Footnotes (2)

[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 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.

Documents

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