0001553350-20-000115.txt : 20200205 0001553350-20-000115.hdr.sgml : 20200205 20200205084145 ACCESSION NUMBER: 0001553350-20-000115 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: Arnauld Cheri St. CENTRAL INDEX KEY: 0001601734 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38175 FILM NUMBER: 20576449 MAIL ADDRESS: STREET 1: 720 SOUTH COLORADO BOULEVARD STREET 2: SUITE 1150N CITY: DENVER STATE: CO ZIP: 80246 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 starnauld4.xml OWNERSHIP DOCUMENT X0306 4 2020-02-04 0 0001487198 ASPEN GROUP, INC. ASPU 0001601734 Arnauld Cheri St. 276 FIFTH AVENUE SUITE 505 NEW YORK NY 10001 0 1 0 0 Chief Academic 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/ Cheri St. Arnauld 2020-02-04