0001553350-20-001128.txt : 20201229
0001553350-20-001128.hdr.sgml : 20201229
20201229183856
ACCESSION NUMBER: 0001553350-20-001128
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201224
FILED AS OF DATE: 20201229
DATE AS OF CHANGE: 20201229
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: 201423635
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
2020-12-24
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
Common Stock
2020-12-24
4
S
0
7415
10.88
D
33458
D
Common Stock
2020-12-28
4
S
0
15085
10.73
D
18373
D
Common Stock
2020-12-28
4
M
0
13889
5.12
A
32262
D
Common Stock
2020-12-28
4
F
0
3613
10.84
D
28649
D
Common Stock
2020-12-28
4
F
0
6560
10.84
D
22089
D
Stock Options (Right to Buy)
5.12
2020-12-28
4
M
0
13889
0
D
2018-12-24
2023-12-24
Common Stock
13889
13889
D
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $10.76 to $11.05, 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 bought at each separate price within the ranges set forth in footnote (1) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $10.65 to $10.92, 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 bought at each separate price within the ranges set forth in footnote (2) to this Form 4.
The Reporting Person cashlessly exercised the stock options. The exercise of the stock options was exempt under Rule 16b-6 and the right of the Reporting Person to direct that the shares be withheld in payment of the exercise price and applicable taxes was both approved in advance by the Executive Committee of the Issuer's Board of Directors, which is comprised of only non-employee directors, and by the full Board of Directors in accordance with Rule 16b-3(d).
Represents shares surrendered in payment of the applicable taxes.
Represents shares surrendered in payment of the exercise price.
/s/ Frank J. Cotroneo
2020-12-29