Wendolowski Gerard 4
4 · ASPEN GROUP, INC. · Filed Sep 21, 2021
Insider Transaction Report
Form 4
Wendolowski Gerard
Chief Operating Officer
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2021-09-20−200,000→ 0 totalExercise: $4.90From: 2017-05-13Exp: 2022-05-13→ Common Stock (200,000 underlying) - Exercise/Conversion
Common Stock
2021-09-20$4.90/sh+200,000$980,000→ 368,535 total - Tax Payment
Common Stock
2021-09-20$5.77/sh−169,844$980,000→ 198,691 total
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 approved in advance by the Compensation Committee of the Issuer's Board of Directors, which is comprised of only non-employee directors in accordance with Rule 16b-3(d).
- [F2]Represents shares surrendered in payment of the exercise price.