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