COTRONEO FRANK J 4
4 · ASPEN GROUP, INC. · Filed Dec 29, 2020
Insider Transaction Report
Form 4
COTRONEO FRANK J
Director
Transactions
- Sale
Common Stock
2020-12-24$10.88/sh−7,415$80,675→ 33,458 total - Exercise/Conversion
Common Stock
2020-12-28$5.12/sh+13,889$71,112→ 32,262 total - Tax Payment
Common Stock
2020-12-28$10.84/sh−6,560$71,110→ 22,089 total - Sale
Common Stock
2020-12-28$10.73/sh−15,085$161,862→ 18,373 total - Tax Payment
Common Stock
2020-12-28$10.84/sh−3,613$39,165→ 28,649 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-12-28−13,889→ 13,889 totalExercise: $5.12From: 2018-12-24Exp: 2023-12-24→ Common Stock (13,889 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $10.76 to $11.05, inclusive. The Reporting Person undertakes to provide to Aspen Group, Inc., any security holder of Aspen Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $10.65 to $10.92, inclusive. The Reporting Person undertakes to provide to Aspen Group, Inc., any security holder of Aspen Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F3]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).
- [F4]Represents shares surrendered in payment of the applicable taxes.
- [F5]Represents shares surrendered in payment of the exercise price.