SEC Form 5 · accession 0001553350-17-000745
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janet M Gill
Officer — CFO
Period of report
Apr 30, 2017
Accepted (ET)
Jun 14, 2017 · 4:56 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)F1 | $2.28 | Sep 13, 2016 | D | 6,250 | D | — | Oct 23, 2017 | Common Stock | 6,250 | 0 | D |
| Stock Options (Right to Buy)F1 | $2.52 | Sep 13, 2016 | A | 6,250 | A | — | Jan 23, 2021 | Common Stock | 6,250 | 6,250 | D |
Explanation of responses
- F1The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The securities vest in three equal annual increments with the first vesting date being October 23, 2018, subject to continued service as an employee on each applicable vesting date.