SEC Form 5 · accession 0001553350-17-000754

ASPEN GROUP, INC. · ASPU

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Michael Mathews

Officer — CEO · Director

Period of report

Apr 30, 2017

Accepted (ET)

Jun 14, 2017 · 5:05 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	24,076	D	—	Oct 23, 2017	Common Stock	24,076	0	D
Stock Options (Right to Buy)^F1	$2.52	Sep 13, 2016	A	24,076	A	—	Jan 23, 2021	Common Stock	24,076	24,076	D
Stock Options (Right to Buy)^F2	$2.28	Sep 13, 2016	D	13,889	D	—	Oct 23, 2017	Common Stock	13,889	0	D
Stock Options (Right to Buy)^F2	$2.52	Sep 13, 2016	A	13,889	A	—	Jan 23, 2021	Common Stock	13,889	13,889	D
Stock Options (Right to Buy)^F3	$2.28	Sep 13, 2016	D	25,000	D	—	Mar 15, 2017	Common Stock	25,000	0	D
Stock Options (Right to Buy)^F3	$2.52	Sep 13, 2016	A	25,000	A	—	Jun 15, 2020	Common Stock	25,000	25,000	D
Stock Options (Right to Buy)^F4	$2.28	Sep 13, 2016	D	41,667	D	—	Mar 22, 2017	Common Stock	41,667	0	D
Stock Options (Right to Buy)^F4	$2.52	Sep 13, 2016	A	41,667	A	—	Jun 22, 2020	Common Stock	41,667	41,667	D
Stock Options (Right to Buy)^F5	$2.28	Sep 13, 2016	D	241,667	D	—	Sep 4, 2017	Common Stock	241,667	0	D
Stock Options (Right to Buy)^F5	$2.52	Sep 13, 2016	A	241,667	A	—	Dec 4, 2020	Common Stock	241,667	241,667	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 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 October 23, 2018, subject to continued service on each applicable vesting date.
F3The 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 June 15, 2018, subject to continued service on each applicable vesting date.
F4The 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 June 22, 2018, subject to continued service on each applicable vesting date.
F5The 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 4, 2018, subject to continued service on each applicable vesting date.