SEC Form 4 · accession 0001553350-18-001393
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sanford Rich
Director
Period of report
Dec 24, 2018
Accepted (ET)
Dec 27, 2018 · 4:13 pm EST
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 StockF1 | Dec 24, 2018 | A | 2,000 | $0.00 | A | 25,022 | D | |
| Common StockF1,F2 | Dec 24, 2018 | A | 6,836 | $0.00 | A | 31,858 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of restricted common stock were granted under the Aspen Group, Inc. 2018 Equity Incentive Plan for service as a director and a committee member, as applicable, and vest in three equal annual increments on December 24, 2019, December 24, 2020, and December 24, 2021, subject to continued service as a director of the Issuer on each applicable vesting date.
- F2Shares of restricted common stock were granted in lieu of cash compensation for services as a director pursuant to the Reporting Person's election. The amount was determined based on $5.12 per share, the closing price of the Issuer's common stock on The Nasdaq Capital Market on December 21, 2018.