0001553350-20-000119.txt : 20200205
0001553350-20-000119.hdr.sgml : 20200205
20200205084700
ACCESSION NUMBER: 0001553350-20-000119
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200204
FILED AS OF DATE: 20200205
DATE AS OF CHANGE: 20200205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COTRONEO FRANK J
CENTRAL INDEX KEY: 0001207351
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38175
FILM NUMBER: 20576463
MAIL ADDRESS:
STREET 1: 4400 MAIN ST
CITY: KANSAS CITY
STATE: MO
ZIP: 64111
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASPEN GROUP, INC.
CENTRAL INDEX KEY: 0001487198
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 271933597
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0430
BUSINESS ADDRESS:
STREET 1: 276 FIFTH AVENUE
STREET 2: SUITE 505
CITY: NEW YORK
STATE: NY
ZIP: 10001
BUSINESS PHONE: 646-448-5144
MAIL ADDRESS:
STREET 1: 276 FIFTH AVENUE
STREET 2: SUITE 505
CITY: NEW YORK
STATE: NY
ZIP: 10001
FORMER COMPANY:
FORMER CONFORMED NAME: Elite Nutritional Brands, Inc.
DATE OF NAME CHANGE: 20111011
FORMER COMPANY:
FORMER CONFORMED NAME: Hidden Ladder, Inc.
DATE OF NAME CHANGE: 20100315
4
1
ownership.xml
X0306
4
2020-02-04
0
0001487198
ASPEN GROUP, INC.
ASPU
0001207351
COTRONEO FRANK J
276 FIFTH AVENUE
SUITE 505
NEW YORK
NY
10001
1
1
0
0
Chief Financial Officer
Restricted Stock Units
0.00
2020-02-04
4
A
0
75000
0.00
A
2024-02-04
Common Stock
75000
75000
D
Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. In addition to the price targets in footnote (2), vesting of the restricted stock units is also subject to continued service with the Company on each applicable vesting date. Vested shares of common stock will be delivered to the reporting person upon vesting of the restricted stock units.
The restricted stock units vest in four years, subject to the following accelerated vesting: if the price per share of the Issuer's common stock is at least $9 for 20 consecutive trading days, then 10% of the restricted stock units granted will vest immediately; (ii) if the price per share of the Issuer's common stock is at least $10 for 20 consecutive trading days, then 25% of the restricted stock units granted will vest immediately; and (iii) if the price per share of the Issuer's common stock is at least $12 for 20 consecutive trading days, then all of the restricted stock units remaining unvested will vest immediately.
/s/ Frank Cotroneo
2020-02-04