Mathews Michael 4

4 · ASPEN GROUP, INC. · Filed Oct 28, 2020

Form 4

Period: 2020-10-26

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Stock Options (Right to Buy)
2020-10-26−4,630→ 0 total
Exercise: $2.28From: 2012-10-23Exp: 2020-11-23→ Common Stock (4,630 underlying)
Tax Payment
Common Stock
2020-10-26$11.00/sh−4,455$49,021→ 835,088 total
Exercise/Conversion
Common Stock
2020-10-26$2.28/sh+8,026$18,299→ 837,535 total
Tax Payment
Common Stock
2020-10-26$11.00/sh−2,622$28,852→ 839,543 total
Exercise/Conversion
Stock Options (Right to Buy)
2020-10-26−8,026→ 0 total
Exercise: $2.28From: 2012-10-23Exp: 2020-11-23→ Common Stock (8,026 underlying)
Exercise/Conversion
Common Stock
2020-10-26$2.28/sh+4,630$10,556→ 842,165 total

Holdings

Footnotes (3)

[F1]During an open window period under the Issuer's Insider Trading Plan, the Reporting Person submitted a cashless exercise notice which would become effective following the date that certain stock options vested. Following such vesting, the stock options were cashlessly exercised. 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 due for each stock option.
[F3]Represents shares surrendered in payment of the applicable taxes arising from the exercise of each stock option.

Documents

1 file