SEC Form 4 · accession 0001553350-18-001102
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A. D'Anton
Director
Period of report
Oct 5, 2018
Accepted (ET)
Oct 9, 2018 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001487198
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 5, 2018 | M | 8,334 | $2.04 | A | 192,980 | D | |
| Common Stock | Oct 5, 2018 | F | 2,603 | $6.53 | D | 190,376 | D | |
| Common Stock | holding | — | — | — | 14,808 | I | By Custodian of his children |
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 | $2.04 | Oct 5, 2018 | M | 8,334 | D | Dec 20, 2013 | Dec 20, 2018 | Common Stock | 8,334 | 0 | D |
Explanation of responses
- F1The Reporting Person cashlessly exercised the stock options which were expiring in 2018. The exercise of the stock options was exempt under Rule 16b-6 and the disposition of shares to the issuer was pre-approved in advance by the issuer's Board of Directors as required by Rule 16b-3.