Filing Details

Accession Number:
0001553350-20-000507
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-06-03 16:21:09
Reporting Period:
2020-06-02
Accepted Time:
2020-06-03 16:21:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1487198 Aspen Group Inc. ASPU Services-Educational Services (8200) 271933597
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1601734 St. Cheri Arnauld 276 Fifth Avenue
Suite 505
New York NY 10001
Chief Academic Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-06-02 83,334 $2.02 106,555 No 4 M Direct
Common Stock Disposition 2020-06-02 83,334 $9.65 23,221 No 4 S Direct
Common Stock Acquisiton 2020-06-02 58,334 $1.99 81,555 No 4 M Direct
Common Stock Disposition 2020-06-02 58,334 $9.65 23,221 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (Right to Buy) Disposition 2020-06-02 83,334 $0.00 83,334 $2.02
Common Stock Stock Options (Right to Buy) Disposition 2020-06-02 58,334 $0.00 58,334 $1.99
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-06-08 2020-06-08 No 4 M Direct
0 2016-06-23 2021-06-23 No 4 M Direct
Footnotes
  1. The stock option exercise and the sales reported on this Form 4 were affected by a broker-dealer pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person during an open window period. The exercise exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-6.
  2. The shares were sold in part to pay the exercise price and federal, state and local income taxes incurred from the exercise of stock options.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $9.00 to $10.0325, 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 sold at each separate price within the ranges set forth in footnote (3) to this Form 4.