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