SEC Form 4 · accession 0001553350-16-002181
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard Wendolowski
Officer — Chief Operating Officer
Period of report
Jun 23, 2016
Accepted (ET)
Jun 27, 2016 · 4:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487198
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2,F1 | $0.166 | Jun 23, 2016 | A | 2,000,000 | A | — | Jun 23, 2021 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1The securities vest in three equal annual increments with the first vesting date being one year from the Transaction Date, subject to continued employment on the applicable vesting date and accelerated vesting under certain circumstances.
- F2Not applicable.