Statement of Changes in Beneficial Ownership (4)
05 Febrero 2020 - 7:46AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Wendolowski Gerard |
2. Issuer Name and Ticker or Trading Symbol
ASPEN GROUP, INC.
[
ASPU
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Operating Officer |
(Last)
(First)
(Middle)
276 FIFTH AVENUE, SUITE 505 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/4/2020 |
(Street)
NEW YORK, NY 10001
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units (1) | $0 | 2/4/2020 | | A | | 75000 | | 2/4/2024 (2) | (2) | Common Stock (1) | 75000 | $0.00 | 75000 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | 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. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Wendolowski Gerard 276 FIFTH AVENUE SUITE 505 NEW YORK, NY 10001 |
|
| Chief Operating Officer |
|
Signatures
|
/s/ Gerard Wendolowski | | 2/4/2020 |
**Signature of Reporting Person | Date |
Aspen (PK) (USOTC:ASPU)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Aspen (PK) (USOTC:ASPU)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
Real-Time news about Aspen Group Inc (PK) (OTCMarkets): 0 recent articles
Más de Aspen Group, Inc. Artículos de Noticias