SEC Form 4 · accession 0001553350-19-000046
ASPEN GROUP, INC. · ASPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricky D Solomon
Director
Period of report
Jan 9, 2019
Accepted (ET)
Jan 14, 2019 · 5:40 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 Stock | Jan 10, 2019 | M | 6,771 | $1.86 | A | 116,421 | D | |
| Common Stock | Jan 10, 2019 | M | 8,334 | $2.40 | A | 124,755 | D | |
| Common Stock | Jan 10, 2019 | M | 8,334 | $2.4312 | A | 133,089 | D | |
| Common Stock | Jan 10, 2019 | F | 10,529 | $5.02 | D | 122,560 | D | |
| Common Stock | Jan 10, 2019 | S | 2,000 | $5.15 | D | 120,560 | D | |
| Common Stock | Jan 10, 2019 | M | 87,719 | $2.28 | A | 208,279 | D | |
| Common Stock | Jan 10, 2019 | M | 21,930 | $2.28 | A | 230,209 | D | |
| Common Stock | Jan 10, 2019 | F | 48,467 | $5.158 | D | 181,742 | D | |
| Common Stock | Jan 11, 2019 | S | 2,400 | $5.0126 | D | 179,342 | D | |
| Common Stock | Jan 9, 2019 | S | 6,000 | $5.053 | D | 9,000 | I | Held in IRA |
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 | $1.86 | Jan 10, 2019 | M | 6,771 | D | Sep 4, 2014 | Sep 4, 2019 | Common Stock | 6,771 | 0 | D |
| Stock Options (Right to Buy)F1 | $2.40 | Jan 10, 2019 | M | 8,334 | D | Sep 16, 2014 | Sep 16, 2019 | Common Stock | 8,334 | 0 | D |
| Stock Options (Right to Buy)F1 | $2.4312 | Jan 10, 2019 | M | 8,334 | D | Dec 11, 2014 | Dec 11, 2019 | Common Stock | 8,334 | 0 | D |
| WarrantsF2 | $2.28 | Jan 10, 2019 | M | 87,719 | D | Mar 10, 2014 | Mar 10, 2019 | Common Stock | 87,719 | 0 | D |
| WarrantsF2 | $2.28 | Jan 10, 2019 | M | 21,930 | D | Jun 24, 2014 | Jun 24, 2019 | Common Stock | 21,930 | 0 | D |
Explanation of responses
- F1The Reporting Person cashlessly exercised the stock options which were expiring in 2019. 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.
- F2The Reporting Person cashlessly exercised warrants which were expiring in 2019. The exercise of the warrants 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.