0001553350-20-000392.txt : 20200505
0001553350-20-000392.hdr.sgml : 20200505
20200505173057
ACCESSION NUMBER: 0001553350-20-000392
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200501
FILED AS OF DATE: 20200505
DATE AS OF CHANGE: 20200505
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mathews Michael
CENTRAL INDEX KEY: 0001469394
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38175
FILM NUMBER: 20850308
MAIL ADDRESS:
STREET 1: 257 PARK AVENUE SOUTH
STREET 2: SUITE 602
CITY: NEW YORK
STATE: NY
ZIP: 10010
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
mathews4.xml
OWNERSHIP DOCUMENT
X0306
4
2020-05-01
0
0001487198
ASPEN GROUP, INC.
ASPU
0001469394
Mathews Michael
276 FIFTH AVENUE
SUITE 505
NEW YORK
NY
10001
1
1
0
0
Chief Executive Officer
Common Stock
2020-05-01
4
S
0
25000
7.399
D
627034
D
Common Stock
2020-05-04
4
S
0
25000
6.8956
D
602034
D
Common Stock
8334
I
Held in trust
The sales reported on this Form 4 were affected by a broker-dealer pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person during an open window period.
he shares were sold to pay (i) federal, state and local income taxes incurred from the cashless exercise of 162,500 stock options in July 2019 (ii) the withholding taxes due in connection with the planned exercise of 66,667 stock options expiring in July 2020 and (iii) to pay the exercise price on the options expiring in July 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.90 to $7.715, inclusive. The Reporting Person undertakes to provide to Aspen Group, Inc., any security holder of Aspen Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.77 to $6.9950, inclusive. The Reporting Person undertakes to provide to Aspen Group, Inc., any security holder of Aspen Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.
/s/ Michael Mathews
2020-05-05