SEC Form 5 · accession 0001553350-17-000751
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Scheibelhoffer
Director
Period of report
Apr 30, 2017
Accepted (ET)
Jun 14, 2017 · 5:02 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 | 8,333 | D | — | Sep 4, 2017 | Common Stock | 8,333 | 0 | D |
| Stock Options (Right to Buy)F1 | $2.52 | Sep 13, 2016 | A | 8,333 | A | — | Dec 4, 2020 | Common Stock | 8,333 | 8,333 | 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 September 4, 2018, subject to continued service as a director on each applicable vesting date.