Arnauld Cheri St. 4
4 · ASPEN GROUP, INC. · Filed Jan 19, 2021
Insider Transaction Report
Form 4
Arnauld Cheri St.
Chief Academic Officer
Transactions
- Tax Payment
Common Stock
2021-01-14$9.95/sh−50,264$500,127→ 57,552 total - Exercise/Conversion
Stock Options (Right to Buy)
2021-01-14−70,000→ 0 totalExercise: $4.90From: 2017-05-13Exp: 2022-05-13→ Common Stock (70,000 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2021-01-14−30,000→ 0 totalExercise: $6.28From: 2017-06-11Exp: 2022-06-11→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock
2021-01-14$4.90/sh+70,000$343,000→ 107,816 total - Exercise/Conversion
Common Stock
2021-01-14$6.28/sh+30,000$188,400→ 87,552 total - Tax Payment
Common Stock
2021-01-14$9.95/sh−23,854$237,347→ 63,698 total
Footnotes (3)
- [F1]During an open window period under the Issuer's Insider Trading Plan, the Reporting Person cashlessly exercised 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 Compensation Committee, which is comprised of two non-employee directors in accordance with Rule 16b-3(d).
- [F2]Represents shares surrendered in payment of the applicable taxes and exercise price arising from the exercise of 70,000 stock options.
- [F3]Represents shares surrendered in payment of the applicable taxes and exercise price arising from the exercise of 30,000 stock options.