SEC Form 5 · accession 0001553350-17-000753
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard Wendolowski
Officer — COO
Period of report
Apr 30, 2017
Accepted (ET)
Jun 14, 2017 · 5:03 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 | — | Mar 15, 2017 | Common Stock | 8,333 | 0 | D |
| Stock Options (Right to Buy)F1 | $2.52 | Sep 13, 2016 | A | 8,333 | A | — | Jun 15, 2020 | Common Stock | 8,333 | 8,333 | D |
| Stock Options (Right to Buy)F2 | $2.28 | Sep 13, 2016 | D | 4,167 | D | — | Dec 17, 2017 | Common Stock | 4,167 | 0 | D |
| Stock Options (Right to Buy)F2 | $2.52 | Sep 13, 2016 | A | 4,167 | A | — | Mar 17, 2021 | Common Stock | 4,167 | 4,167 | 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 March 15, 2018, subject to continued service as an employee on each applicable vesting date.
- F2The 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 December 17, 2018, subject to continued service as an employee on each applicable vesting date.